Pound Sterling Price News and Forecast: GBP/USD reversed early gains to fall another 0.34%

FXStreet Team FXStreet

GBP/USD eases post-BoE rate cut as Greenback flows rise

GBP/USD kicked off Thursday with an early spat of gains, fueled by the Bank of England (BoE) delivering the market a widely-anticipated quarter point rate cut. However, bullish momentum behind the Pound Sterling evaporated quickly as markets pivoted toward trade headlines from the United States (US). Investors are hoping for quick progress on the US making trade deals that will allow it to climb down from its own self-imposed tariff stance.

Market sentiment pinned firmly on the high side and bolstered the US Dollar (USD) after the Trump administration announced an impending trade deal between the US and the United Kingdom (UK) that will see the UK avoid steep “reciprocal” tariffs on an ongoing basis, which are due to come back into effect on July 9 after President Trump temporarily walked back imposing his own ‘Liberation Day’ tariffs. A sweeping 10% tariff is still set to be imposed on all imports into the US from the UK, which could crimp market sentiment in the near future. Read more...

GBP/USD climbs past 1.33 on BoE hawkish cut, US-UK reaching trade deal

The Pound Sterling (GBP) advanced during the North American session after the Bank of England (BoE) reduced borrowing costs on a 7-2 vote split, with two members voting to hold rates unchanged. Positive United States (US) jobs data failed to propel the US Dollar (USD), while a trade deal between the US and the UK is a tailwind for GBP/USD, which trades at 1.3300, up 0.15%.

GBP/USD rises after BoE’s three-way vote signals caution and Trump-Starmer pact adds bullish tailwind. The BoE reduced rates to 4.25% on Thursday, as expected, in what was perceived as a hawkish cut due to the three-way vote split: two members voting for a 50-basis-point cut, five for a 25-basis-point cut, and two more to keep rates at 4.50%. This propelled Cable higher although an announcement of a trade deal between the US and the UK supported GBP/USD in remaining above the 1.33 handle. Read more...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD eyes 1.1800 barrier near two-month highs

EUR/USD extends its gains for the second successive session, trading around 1.1780 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern. Additionally, the 14-day Relative Strength Index at 68.89 sits near overbought, signaling strong demand. RSI remains elevated, which could cap gains if overbought conditions emerge.

GBP/USD knocks ten-week highs ahead of holiday slowdown

GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling into its highest bids in ten weeks. Pound traders are largely brushing off the latest interest rate cut from the Bank of England as the UK’s central bank policy strategy leaves the water murky for rate-cut watchers.

Gold bulls seem unstoppable amid supportive fundamental backdrop

Gold is seen building on the previous day's strong rally of over 2% and continues scaling new all-time highs for the second consecutive day on Tuesday. The commodity climbs closer to the $4,500 psychological mark during the Asian session and remains well supported by a combination of factors.

Uniswap holds above $6 as traders eye UNIfication vote outcome

Uniswap price holds above $6 at the time of writing on Tuesday after closing above a key resistance zone in the previous week. Traders are focusing on the highly anticipated UNIfication proposal, which is set to conclude on Thursday, and could become a key near-term catalyst. On the technical side, momentum indicators are flashing bullish signals, hinting at an upside rally.

Ten questions that matter going into 2026

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.