After strong UK GDP figures, Euro holds broadly steady against British Pound

• EUR/GBP holds near 0.8350, showing little reaction to the UK's Q3 and September GDP figures.
• At 0.7%, UK GDP growth in Q3 continued to show strength.
• UK labour market figures and inflation data now draw investors' attention.

Little movement is evident in the Euro (EUR), which holds near 0.8350 against the British Pound (GDP) during Thursday's European session. Sterling is also largely unchanged following the United Kingdom (UK) Gross Domestic Product (GDP) releases for Q3 and September.

According to the Office for National Statistics (ONS), economic growth remained robust at 0.7%, matching expectations and exceeding the 0.5% recorded in the second quarter of this year. Growth on an annualised basis accelerated from the previous reading of 1.4% to 1.9%, also meeting estimates.

Against expectations of another flat reading, September GDP expanded by 0.2% Month-on-Month (MoM). The GDP reading for August was revised down from 0.1%.

With the Bank of England (BoE) embarking on a fresh monetary tightening cycle to curb intensifying price pressures, evidence of robust UK economic growth is expected to offer its policymakers some relief.

Next week's releases of UK labour market figures for the three months ending September and Consumer Price Index (CPI) data for October will be the key triggers for the British Pound. Expectations for the BoE's monetary policy outlook are likely to be significantly influenced by both indicators.