The GBP/MYR currency pair settled below recent high of 5.6942, its strongest level since September 19th, after the latest GDP growth data.The British economy grew 0.1% month-over-month in August after
GBP/MYR settles below 1-month high, posts weekly gain
The GBP/MYR currency pair settled below recent high of 5.6942, its strongest level since September 19th, after the latest GDP growth data.
The British economy grew 0.1% month-over-month in August after a 0.1% contraction in the prior month and matching market expectations.
Growth was mostly supported by manufacturing (+0.7%), electricity, gas, steam and air conditioning supply (+0.4%) and water supply, sewerage, waste management and remediation activities (+0.3%).
UK’s services sector registered no overall growth for a second straight month.
Meanwhile, the latest data out of Malaysia showed the economy had expanded 5.2% year-on-year in the third quarter of 2025, compared to a 4.4% growth in the previous quarter.
Growth was mostly driven by a faster expansion in manufacturing activity, 4% YoY compared to a 3.7% increase in Q2.
The exotic Forex pair gained 0.55% for the week.
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