Pound Sterling Price News and Forecast: GBP/USD depreciates as the US Dollar gains ground

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GBP/USD falls to near 1.3550 amid rising economic concerns in United Kingdom

GBP/USD continues its losing streak for the sixth consecutive day, trading around 1.3560 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) extends its gains due to evolving monetary policy signals by the Federal Reserve’s (Fed) officials.

Federal Reserve Bank of Chicago President Austan Goolsbee said late Thursday that he does not support the arguments that the US central bank should cut rates to make government debt cheaper, the mandate is on jobs and prices. Read more...

GBP/USD continues to churn as Cable traders await a reason to move

GBP/USD churned chart paper in familiar territory through Thursday, cycling through the same block of intraday levels near the 1.3600 handle. Broad-market sentiment recovered from fresh tariff woes early in the week, but investors continue to bank on a broad walkback (or further suspensions) of tariffs threatened by US President Donald Trump.

Friday brings a thin cluster of mid-tier data to close out the trading week. UK Gross Domestic Product (GDP) figures for the month of May are due early in the London market session at 06:00 GMT. However, the backdated figures are largely expected to show a thin recovery in already-meager numbers, and market impact will likely remain limited. Read more...

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GBP/USD defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the American session on Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US July PMI data failed to trigger relevant price action.

EUR/USD remains below 1.1400 after mixed US PMIs

EUR/USD pressures daily lows below the 1.1400 mark in the American session on Friday. Mixed S&P Global PMIs, as manufacturing output contracted while services activity expanded in July, triggered no relevant market reaction. The focus remains in Middle East developments and inflation-related concerns.

Gold reclaims $4,100 os Iran diplomacy hopes temper Fed hike bets and weigh on USD

Gold looks set to build on a modest bullish gap-up opening on Monday, beyond $4,100, as hopes of US-Iran peace talks weigh heavily on crude oil prices, easing inflation fears and tempering Fed rate-hike bets. Moreover, the optimism drags the safe-haven US Dollar away from a one-month top, touched on Friday, and supports the non-yielding bullion. The focus now shifts to the crucial FOMC policy meeting this week.

Week ahead: Fed, BoE and BoJ face inflation test as markets reprice interest rate paths

The US dollar gained against the other major currencies this week amid the escalating tensions in the Middle East as well as US President Trump’s decision to proceed with a new round of tariffs after previously imposed levies expired.

Australian Dollar outlook: Chances of another rally won’t be decided in Canberra, but in Washington

The Australian Dollar rode a rollercoaster in the first half of the year, hitting a four-year high and then correcting. The currency enters the second half with an outlook full of uncertainty due to renewed hostilities in the Middle East, which clouds the inflation outlook and interest rates.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.