GBPTHB Holds Bullish BiasBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupFriday Recap 11/9/26 On Friday, GBPTHB closed at 44.63 in the Thai market, while UK economic data came in better than expected. Monthly GDP expanded by 0.4%, above expectations for no growth, while both industrial and manufacturing production also increased, with Manufacturing Production rising 0.9%. Overall, the data suggested that the UK economy is showing signs of a stronger recovery, providing support for the GBP. It may also reduce the need for the Bank of England (BoE) to accelerate interest-rate cuts, as economic activity remains resilient. Fundamental 14/9/26 Key Events Today There are no high-impact UK economic releases today, leaving the GBP more sensitive to global market factors, particularly USD direction, Bond Yields, and Risk Sentiment. Following stronger-than-expected UK economic data on 11/9, markets are likely to shift their focus toward the UK labour-market data due on 15/9, including the Unemployment Rate, Employment Change, and Average Earnings. As a result, the GBP may see some position adjustments ahead of these releases. Overall, GBPTHB is expected to trade within a range with a slight upside bias in the short term, with the main focus on USD direction, Risk Sentiment, and positioning ahead of the UK labour-market data. Technical – 1H Bias: Bullish The price continues to form Higher Lows (HL) and has moved back above 44.72, creating potential for a test of 44.81 and 44.85. A break above 44.81 would strengthen the bullish momentum. Meanwhile, GBP/USD is also showing a Strong Buy technical signal. Resistance: 44.81 / 44.85 Support: 44.72 Target: 44.81 → 44.85 Cut Loss: 44.70