Pound Sterling Price News and Forecast: GBP/USD holds steady amid holiday thin trading

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GBP/USD holds steady amid holiday thin trading, UK debt concerns in focus

The British Pound (GBP) is treading water against the US Dollar (USD) on Friday, as the Sterling comes under renewed pressure amid lingering fiscal concerns. A combination of cautious risk sentiment, stronger-than-expected US Nonfarm Payrolls (NFP) data, and political uncertainty in the UK is keeping the Pound on the defensive, with the GBP/USD pair struggling to extend its recent gains. Read More...

Pound Sterling weakens as Chancellor Reeves' welfare bill unleashes fiscal risks

The Pound Sterling (GBP) faces selling pressure against its peers on Friday despite United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves committing to remain in her role till the next elections. Read More...

GBP/USD steadies around 1.3650 due to rising uncertainty over Trump's tariff plans

GBP/USD holds ground for the second consecutive day, trading around 1.3660 during the Asian hours on Friday. The pair remains steady as the US Dollar (USD) depreciates as traders adopt caution, while seeking clarity on US President Donald Trump's plans for tariffs on various countries. On Thursday, Trump told reporters that he “will begin sending letters on trade tariffs starting Friday.” He added that he would send letters to 10 countries at a time, laying out tariff rates of 20% to 30%, reported by Reuters. Read More...

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FXStreet Team

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD rebounds above 1.3300 ahead of UK Retail Sales data

The GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak during the Asian trading hours on Friday. However, the potential upside might be limited amid heightened military tensions in the Middle East. Traders brace for the release of the UK Retail Sales data, which will be published later on Friday.

EUR/USD rises as US Dollar weakens despite rising Middle East tensions

EUR/USD gains ground after posting modest losses in the previous day, trading around 1.1380 during the Asian hours on Friday. However, the potential upside for the pair could be limited as the US Dollar may regain strength, largely driven by escalating conflicts in the Middle East that threaten to push crude oil prices higher.

Gold licks wounds near $4,050 on PMI day

Gold licks wounds near $4,050 in Asia on Friday, holding the previous day's heavy losses amid rising expectations of a Fed rate hike, bolstered by energy-driven inflation concerns. Moreover, the US-Iran standoff and US President Donald Trump's new tariffs keep the US Dollar's reserve-currency status alive, which continues to weigh on the bullion ahead of global flash PMIs.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

Silver's missing crisis trade: Why a war keeps pushing it down

The Strait of Hormuz has closed twice this year, and both times silver fell instead of rallying, because the crisis bid went into the US dollar rather than into metals. Silver trades near $58.77 an ounce as I write this, with the gold-silver ratio around 69.5.

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.