GBP/USD: Will US GDP Data Boost the Dollar vs. Pound?

The Pound Euro (GBP/EUR) exchange rate is treading water after two straight days of declines.

The Pound drifted lower in the previous session amid a lack of fresh catalysts. This week has been a quiet week on the economic calendar.

Today, that changes with the release of UK GDP data which is expected to show economic growth picked up in November to 0.4%, from 0.1% in October.

Industrial production and manufacturing are also set to be released.

Thursday’s session was also a quiet session for the Euro which drifted higher. Today the economic calendar could capture investors’ attention with the release of Eurozone balance of trade and German GDP for 2021.