Pound Sterling Price News and Forecast: GBP/USD remains under bearish pressure

FXStreet Team FXStreet

GBP/USD Forecast: Sellers could ignore oversold conditions if US jobs data beat expectations

GBP/USD remains under bearish pressure and trades at its weakest level since mid-May below 1.3200 after closing the previous six trading days in negative territory. Although the pair remains oversold in the short term, investors could ignore technical conditions when assessing the July labor market data from the US.

Although the US Dollar (USD) lost its bullish momentum after the strong rally seen on Wednesday, GBP/USD failed to stage a rebound as markets turned risk-averse. US President Donald Trump announced that they raised the tariff rate on Canadian imports to 35% from 25% late Thursday, causing investors to adopt a cautious stance. Early Friday, US stock index futures lose about 1%, suggesting that safe-haven flows continue to dominate the action in financial markets in the European session. Read more...

GBP/USD confirms bearish trend reversal

GBP/USD raised alarms over a negative trend reversal after its slide below the 1.3360–1.3400 region confirmed a bearish head and shoulders pattern and cemented a bearish crossover between the 20- and 50-day simple moving averages (SMAs).

With the US dollar roaring back – bolstered by President Trump’s apparent success in recent trade deals and stronger-than-expected US economic data – the British pound succumbed to bearish pressure. Read more...

GBP/USD hits lows: Weak UK data and a strong Dollar weigh on the Pound

The GBP/USD pair dropped to 1.3252, its lowest level since 11 May 2025, as a resurgent US dollar and disappointing UK economic data weighed on the pound.

Market sentiment has shifted from concerns about inflation to fears of an economic slowdown, while optimism surrounding new trade agreements has bolstered the dollar. Read more...

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FXStreet

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD slips heading into the Thursday trading window

The Pound Sterling pulled back from four-year highs on Wednesday, weighed down by a combination of Bank of England dovishness and UK political uncertainty, even as the US Dollar weakened on soft labor market revisions.

Gold posts modest gains above $5,050 as US-Iran tensions persist despite strong labor data

Gold price trades in positive territory near $5,060 during the early Asian session on Thursday. The precious metal edges higher despite stronger-than-expected US employment data. The release of the US Consumer Price Index inflation report will take center stage later on Friday.

Bitcoin holds steady despite strong US labour market

Bitcoin briefly bounced from $66,000 to above $68,000 but slightly reversed those gains following Wednesday's US January jobs report. The top crypto is hovering around $67,000, down 2% over the past 24 hours as of writing on Wednesday.

The market trades the path not the past

The payroll number did not just beat. It reset the tone. 130,000 vs. 65,000 expected, with a 35,000 whisper. 79 of 80 economists leaning the wrong way. Unemployment and underemployment are edging lower. For all the statistical fog around birth-death adjustments and seasonal quirks, the core message was unmistakable. The labour market is not cracking.

XRP sell-off deepens amid weak retail interest, risk-off sentiment

Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.