Pound Sterling Price News and Forecast: GBP/USD consolidates as ADP jobs disappoint

FXStreet Team FXStreet

When are the UK Retail Sales and how could they affect GBP/USD?

The UK Retail Sales, scheduled to be published later this session at 0600 GMT, are expected to have registered a growth of 0.2% in July, compared to a 0.9% increase seen in the previous month. On an annualized basis, Retail Sales are seen rising 1.3% during the reported month, down from 1.7% booked in June.

Meanwhile, core Retail Sales, stripping the basket of motor fuel sales, are anticipated to have climbed by 0.4% MoM and by 1.2% over the year, lower than 0.6% and 1.8%, respectively. Read more...

GBP/USD settles into holding pattern ahead of key US NFP jobs data

GBP/USD slowed to a crawl on Thursday, remaining stuck close to 1.3430 after a volatile showing through the week’s earlier sessions. US Nonfarm Payrolls (NFP) are always a high-impact affair, but this Friday’s US jobs showdown has taken on an even greater importance than usual.

Markets are clamoring for an interest rate cut from the Federal Reserve (Fed) this month, and tunnel-vision traders are cheering on a deepening slump in US employment data. Despite a near-term uptick in inflation data effectively wiping out the year’s progress on taming inflation, investors are hoping that a souring US labor market will force the Fed to disregard inflation pressures and deliver interest rate cuts before the end of the third quarter to prop up the domestic economy’s job creation. Read more...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.