The British pound held steady despite mixed economic data, which pointed to ongoing challenges in the UK economy, showing signs of stagnation and uncertainty.
Trade data further clouded the outlook for the pound, as the UK's current account deficit narrowed slightly, yet weak exports contribute to bearish sentiment surrounding the currency.
GDP growth for Q3 was revised down to 0%, indicating stagnation, with flat performances in the services sector contrasting a slight rise in construction and decline in production.
In the bond market, UK 10-year bonds yield remained near 4.6%, affected by cautious investor sentiment, with potential pressure arising if PMI data does not indicate growth.
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