Main currency pairs little changed

The main currency pairs are little changed from yesterday morning’s levels notwithstanding stronger than expected GDP data in the US – the economy expanded by more than 1% q-o-q in Q3, driven by robust growth in consumer spending – with EURUSD and EURGBP trading at around $1.18 and £0.8725 respectively this morning and GBPUSD still hovering just above $1.35. Equity markets advanced with the S&P 500 and Stoxx Europe 600 adding around 0.5%, bringing gains in 2025 to date to 17.5% and 16% respectively. US government bond yields were flat to marginally higher on the day, while German and UK yields ended slightly lower. It’s quiet on the data front today (for obvious reasons!) with only weekly jobless claims due in the US.