GBP/MYR settles below 1-month high, posts weekly gain
The GBP/MYR currency pair settled below recent high of 5.6942, its strongest level since September 19th, after the latest GDP growth data.The British economy grew 0.1% month-over-month in August after
The GBP/MYR currency pair settled below recent high of 5.6942, its strongest level since September 19th, after the latest GDP growth data.
The British economy grew 0.1% month-over-month in August after a 0.1% contraction in the prior month and matching market expectations.
Growth was mostly supported by manufacturing (+0.7%), electricity, gas, steam and air conditioning supply (+0.4%) and water supply, sewerage, waste management and remediation activities (+0.3%).
UK’s services sector registered no overall growth for a second straight month.
Meanwhile, the latest data out of Malaysia showed the economy had expanded 5.2% year-on-year in the third quarter of 2025, compared to a 4.4% growth in the previous quarter.
Growth was mostly driven by a faster expansion in manufacturing activity, 4% YoY compared to a 3.7% increase in Q2.
The exotic Forex pair gained 0.55% for the week.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
