{"id":34802,"date":"2025-12-22T19:29:45","date_gmt":"2025-12-22T19:29:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/th\/uncategorized\/34802\/"},"modified":"2025-12-22T19:29:45","modified_gmt":"2025-12-22T19:29:45","slug":"%e0%b8%9b%e0%b8%ad%e0%b8%99%e0%b8%94%e0%b9%8c%e0%b8%ad%e0%b8%b1%e0%b8%87%e0%b8%81%e0%b8%a4%e0%b8%a9%e0%b9%81%e0%b8%82%e0%b9%87%e0%b8%87%e0%b8%84%e0%b9%88%e0%b8%b2%e0%b8%82%e0%b8%b6%e0%b9%89%e0%b8%99-7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/th-asia\/live-updates\/34802\/","title":{"rendered":"\u0e1b\u0e2d\u0e19\u0e14\u0e4c\u0e2d\u0e31\u0e07\u0e01\u0e24\u0e29\u0e41\u0e02\u0e47\u0e07\u0e04\u0e48\u0e32\u0e02\u0e36\u0e49\u0e19\u0e40\u0e17\u0e35\u0e22\u0e1a\u0e01\u0e31\u0e1a\u0e22\u0e39\u0e42\u0e23\u0e2b\u0e25\u0e31\u0e07\u0e08\u0e32\u0e01\u0e2a\u0e2b\u0e23\u0e32\u0e0a\u0e2d\u0e32\u0e13\u0e32\u0e08\u0e31\u0e01\u0e23\u0e40\u0e1b\u0e34\u0e14\u0e40\u0e1c\u0e22\u0e01\u0e32\u0e23\u0e40\u0e15\u0e34\u0e1a\u0e42\u0e15\u0e40\u0e25\u0e47\u0e01\u0e19\u0e49\u0e2d\u0e22\u0e43\u0e19\u0e44\u0e15\u0e23\u0e21\u0e32\u0e2a\u0e17\u0e35\u0e48 3"},"content":{"rendered":"EUR\/GBP decreases as the Pound strengthens following the UK&#8217;s Q3 GDP data release. The UK economy grew by 0.1% from the previous quarter, matching the initial estimate but slowing from 0.2% in Q2, with services and construction rising by 0.2%, while production fell by 0.3%.\n\nAnnually, UK GDP increased by 1.3% compared to the same quarter last year. The Bank of England&#8217;s recent interest rate cut by 0.25% reflects its cautious outlook despite the GDP figures not significantly altering its near-term stance.\n\nThe Euro faces a quieter economic calendar as the year ends, with comments from ECB officials providing some support. Inflation is expected to stay near the 2% target, though growth remains slow, with the ECB ready to adjust policies as needed.\n\nThe ECB maintained interest rates in its recent meeting, with ongoing speculation about a possible rate increase next year as it upgraded its forecasts. This speculation is supporting the Euro and lessening pressure on EUR\/GBP.\n\nThe British Pound is currently the strongest against the US Dollar, showing a 0.48% increase. Changes in currency values are illustrated in a heat map, showing the interrelationship of various major currencies.\n\nThe key takeaway is the growing policy difference between the Bank of England and the European Central Bank. The UK&#8217;s modest but positive growth allows the BoE to continue its cautious approach after last week&#8217;s rate cut. This reinforces the Pound&#8217;s recent strength, pushing the EUR\/GBP pair lower.\n\nWe have to remember how persistent UK inflation was through 2024, often staying above 3.5%, so this slow growth is seen as a positive sign that price pressures are not reigniting. The latest UK inflation data from November 2025 showed CPI at 2.3%, finally nearing the BoE&#8217;s target. This background justifies the market anticipating a very slow pace for any further rate cuts.\n\nConversely, the ECB is sounding more firm, with speculation of a potential rate hike in 2026 still present. This is supported by Eurozone core inflation unexpectedly rising to 2.9% in the latest November 2025 reading. This difference, a cutting BoE versus a steady-to-hawkish ECB, will be the main driver for this pair into the new year.\n\nWith the holidays approaching, market liquidity will be very thin, meaning any moves could be exaggerated. Implied volatility for EUR\/GBP options has already fallen, with the 1-month volatility index dropping below 5.5%, a level we haven&#8217;t seen since last summer. This low volatility environment can make selling options premium, through strategies like short strangles, seem attractive for those expecting the pair to stay in a range.\n\nHowever, the path of least resistance appears to be a lower EUR\/GBP, targeting the 0.8650 support level last seen in October 2025. We should consider buying EUR\/GBP put options with a February 2026 expiry to position for further Pound strength. This strategy allows us to have a defined risk if sentiment suddenly shifts against Sterling.\n<p>\n\n<p><strong>\u0e40\u0e23\u0e34\u0e48\u0e21\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e17\u0e31\u0e19\u0e17\u0e35 &#8211; \u0e04\u0e25\u0e34\u0e01<a href=\"https:\/\/www.vtmarkets.com\/th\/trade-now\/\">\u0e17\u0e35\u0e48\u0e19\u0e35\u0e48<\/a> \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35\u0e08\u0e23\u0e34\u0e07\u0e02\u0e2d\u0e07 VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u0e1b\u0e2d\u0e19\u0e14\u0e4c\u0e08\u0e34\u0e01\u0e41\u0e01\u0e23\u0e48\u0e07! \u0e22\u0e39\u0e42\u0e23\/\u0e1b\u0e2d\u0e19\u0e14\u0e4c\u0e25\u0e14\u0e25\u0e07\u0e40\u0e21\u0e37\u0e48\u0e2d\u0e40\u0e28\u0e23\u0e29\u0e10\u0e01\u0e34\u0e08\u0e2a\u0e2b\u0e23\u0e32\u0e0a\u0e2d\u0e32\u0e13\u0e32\u0e08\u0e31\u0e01\u0e23\u0e40\u0e15\u0e34\u0e1a\u0e42\u0e15\u0e0a\u0e49\u0e32\u0e01\u0e27\u0e48\u0e32\u0e17\u0e35\u0e48\u0e04\u0e32\u0e14 \u0e18\u0e19\u0e32\u0e04\u0e32\u0e23\u0e2d\u0e31\u0e07\u0e01\u0e24\u0e29\u0e1b\u0e23\u0e31\u0e1a\u0e25\u0e14\u0e14\u0e2d\u0e01\u0e40\u0e1a\u0e35\u0e49\u0e22 \u0e02\u0e13\u0e30\u0e17\u0e35\u0e48 ECB \u0e01\u0e33\u0e25\u0e31\u0e07\u0e21\u0e2d\u0e07\u0e2b\u0e32\u0e42\u0e2d\u0e01\u0e32\u0e2a\u0e02\u0e36\u0e49\u0e19\u0e14\u0e2d\u0e01\u0e40\u0e1a\u0e35\u0e49\u0e22\u0e43\u0e19\u0e1b\u0e35\u0e2b\u0e19\u0e49\u0e32!<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-34802","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/34802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/comments?post=34802"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/34802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/media?parent=34802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/categories?post=34802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/tags?post=34802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}