Published: 14 November 2025,07:39
Daily Market Analysis New
*UK GDP growth slowed to 0.1% in Q3, below market expectations of 0.2%.
*Services, construction, and production sectors all showed weakness.
*Market focus shifts to the upcoming Autumn Budget for fiscal guidance.
Market Summary:
The Pound Sterling retreated from resistance levels following the release of weak UK economic data. According to preliminary figures from the Office for National Statistics (ONS), the UK economy grew only 0.1% in Q3, marking a slowdown from the 0.3% expansion in Q2 and falling short of economists’ expectations of 0.2% growth.
On a monthly basis, the economy contracted 0.1% in September, following no growth in August (revised down from a 0.1% increase). Liz McKeown, Director of Economic Statistics at the ONS, noted that “growth slowed further in the third quarter of the year, with both services and construction weaker than in the previous period. There was also a further contraction in production.”
The disappointing GDP figures underline ongoing domestic economic headwinds, including sluggish consumer demand, weakening construction activity, and faltering production output.
Looking ahead, market participants will closely monitor the upcoming Autumn Budget, as another weak GDP reading may influence the UK government’s fiscal policy plans. Investors will assess whether policymakers are likely to introduce additional stimulus or adjustments to support growth, which could affect Sterling sentiment in the near term.
Technical Analysis
GBP/USD, H4:
GBP/USD is trading lower after previously breaking below the key support at 1.3165, but has since rebounded and is now testing this level as resistance. A failure to break above 1.3165 could see the pair retreat further toward the next support at 1.2900. The immediate resistance sits at 1.3170, with a further barrier at 1.3415.
Technical indicators suggest a mixed outlook. The MACD is showing increasing bullish momentum with a golden cross, while the RSI at 41 has rebounded sharply from oversold territory, signaling potential strength for a breakout above resistance. Traders should monitor price action closely around 1.3165—a successful breach could open the path to higher resistance, while rejection may trigger a renewed bearish leg toward support levels.
Resistance level: 1.3170, 1.3415
Support level: 1.2900, 1.2720
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