Currency news / December 3, 2025

Calm in markets

3 min read Thanim Islam

Thanim IslamDecember 3, 2025

Market snapshot:

Rangebound trading to begin the month

Yesterday's currency recap

EU inflation nudged up in November to 2.2% year on year, reinforcing market expectations that interest rates are likely to remain on hold over the coming 12 months.

In general, FX trading remained in tight ranges.

Today's GBP rates

Currency pair	Daily move*	Indicative rate**
GBPAUD	-0.40%	2.0111
GBPCAD	-0.22%	1.8455
GBPCHF	-0.22%	1.0611
GBPDKK	-0.13%	8.49
GBPEUR	-0.13%	1.1367
GBPJPY	0.03%	205.505
GBPNOK	0.01%	13.3885
GBPNZD	-0.20%	2.3021
GBPSEK	-0.22%	12.4606
GBPUSD	-0.20%	1.3189

*Daily move - against G10 rates as of 06:00 GMT, 03.12.25
** Indicative rates - interbank rates as of 06:00 GMT, 03.12.25

Key data points

Currency	Event	Period	Consensus	Previous
USD	ADP Employment Changes	Nov	10,000	42,000
USD	ISM Services	Nov	52.00	52.40

What we think

Just EU inflation numbers out this morning with not much deviation expected from October. Which in turn will continue to support the EUR and the markets pricing for minimal rate chance over the next 12 months.

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