Pound Sterling Price News and Forecast: GBP/USD gathers strength to the highest since mid-September

FXStreet Team FXStreet

GBP/USD strengthens above 1.3650 on robust UK data

The GBP/USD pair trades in positive territory near 1.3660, the highest since September 17, 2025, during the early European session on Monday. The Pound Sterling (GBP) edges higher against the Greenback on the stronger-than-expected UK Retail Sales and Purchasing Managers Index (PMI) data. Traders will keep an eye on the US November Durable Goods Orders report later on Monday.

Data released by the Office for National Statistics (ONS) on Friday showed that the UK Retail Sales rose 0.4% month-over-month (MoM) in December after falling 0.1% in November. This figure came in better than the forecast of a 0.1% decline in the reported month. Read more...

GBP/USD stays elevated near four-month top, above mid-1.3600s amid a broadly weaker USD

The GBP/USD pair retreats a few pips from its highest level since September 2024, around the 1.3680 region touched during the Asian session, and fills a modest bullish gap opening at the start of a new week. Spot prices currently trade with modest intraday gains, above mid-1.3600s, and seem poised to appreciate further.

US President Donald Trump's stance to gain control of Greenland and a standoff with European allies raised doubts about the long-standing NATO alliances. This, along with the loss of trust in global leadership, revives the so-called 'Sell America' trade and weighs heavily on the US Dollar (USD). The USD Index (DXY), which tracks the Greenback against a basket of currencies, fell to a four-month low on Monday and offers some support to the GBP/USD pair. Read more...

GBP/USD surges to 1.3600, hits four-month high as Dollar selling intensifies

The British Pound (GBP) continues to outperform the US Dollar (USD) on Friday, with GBP/USD climbing to the 1.3600 handle as the Greenback remains under broad-based selling pressure. At the time of writing, the pair is up nearly 0.73% on the day, marking its highest level since September 18, 2025.

Sterling is also drawing support from stronger-than-expected UK economic data, which has tempered near-term rate cut expectations at the Bank of England (BoE). Read more...

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FXStreet Team

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