The pound rose during quiet holiday trading, following the release of GDP data by the UK.

In a quiet week during the holiday season, the pound rose, despite data showing that the UK economy only grew by 0.1% in the third quarter. Economist Alex Kerr from Capital Economics said in a report that although the growth rate was unrevised, "the shape of economic growth appears to be healthier than previously estimated, with less reliance on the public sector." Following the release of the data, the pound rose 0.3% on the day to a intraday high of $1.3418, up from $1.3394 before the data was released. The euro fell to an intraday low of 0.8735, down from 0.8744 before the data was released.