Fundamental Market Analysis for December 9, 2025 GBPUSDBritish Pound/US DollarSAXO:GBPUSDFresh-Forexcast2004Sterling holds around 1.33300 amid anticipation of the Fed outcome and the upcoming Bank of England meeting. A U.S. rate cut is largely priced and narrows the yield differential that has supported the dollar. Services-sector inflation and wages in the UK are slowing but remain above pre-crisis averages, keeping the BoE from rapid easing and supporting real returns on pound-denominated assets. Fiscal steps aimed at shoring up household real incomes, together with normalized energy prices, improve the UK’s terms of trade and reduce vulnerability to imported inflation. Against this backdrop, resilient consumer spending and firmer business confidence lower the odds of a sharp deterioration in macro data, which is supportive for the pound as the dollar softens. Markets allow for gradual UK policy easing later on, but in the near term the balance of factors favors a moderate rise in GBPUSD on the back of the December Fed move and stabilizing U.S. yields. Upside potential toward 1.34750 looks reasonable with risk managed below 1.32750. Trade recommendation: BUY 1.33250, SL 1.32750, TP 1.34750