Pound Sterling Price News and Forecast: GBP/USD drops as US economy shrinks, inflation holds firm

FXStreet Team FXStreet

GBP/USD drops as US economy shrinks, inflation holds firm

The Pound Sterling (GBP) tumbled against the US Dollar (USD) as the economy in the United States (US) contracted, as revealed by Gross Domestic Product (GDP) figures for Q1 2025. At the time of writing, GBP/USD trades at 1.3331, down 0.51%. Read More...

Pound Sterling slumps against US Dollar despite US economic turbulence

The Pound Sterling (GBP) extends correction to near 1.3310 against the US Dollar (USD) in Wednesday’s North American session from its fresh three-year high of 1.3445 posted on Tuesday. The GBP/USD pair trades near its intraday low as the US Dollar (USD) gains after the release of a string of top-tier key United States (US) economic data.Read More...

GBP/USD breaks below 1.3400 due to stronger US Dollar, BoE rate cut expectations

GBP/USD extends its decline for a second straight session, hovering near 1.3390 during Wednesday’s Asian trading. The pair is under pressure as the US Dollar strengthens on renewed optimism surrounding US-China trade developments. Traders now turn their attention to the upcoming release of the US Core Personal Consumption Expenditures (PCE) Price Index for March, a key inflation gauge for the Federal Reserve. Read More...

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