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British pound edges higher as markets weigh weak growth data and political strife

Sterling rose slightly on Thursday as the UK economy grew less than expected. Markets remain focused on political uncertainty surrounding the Prime Minister.

Insights:
Sterling (pound) edged higher against the US dollar on Thursday, February 12, 2026, despite the publication of data showing the UK economy grew by 0.1% in the fourth quarter of 2025. This development in the Forex market comes as investors in the United Kingdom GBGB weigh the latest economic readout against a backdrop of ongoing political uncertainty.
A portrait of Britain's King Charles is displayed on a British five pound note in this illustration taken in Manchester, Britain, November 25, 2025. REUTERS/Phil Noble/Illustration/File Photo
A portrait of Britain's King Charles is displayed on a British five pound note in this illustration taken in Manchester, Britain, November 25, 2025. REUTERS/Phil Noble/Illustration/File Photo
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