Pound Sterling Price News and Forecast: GBP/USD rises against USD on slower US GDP growth

FXStreet Team FXStreet

Pound Sterling rises against USD on slower US GDP growth

The Pound Sterling (GBP) rises to near 1.2460 against the US Dollar (USD) in North American trading hours on Thursday. The GBP/USD gains as the US Dollar drops after the advanced Gross Domestic Product (GDP) report for the fourth quarter of 2024 showed a slower-than-expected growth rate. The US economy expanded 2.3% year-over-year (YoY), slower than estimates of 2.6% and 3.1% growth seen in the third quarter of 2024. Read More...

GBP/USD Price Forecast: Bearish outlook remains in play below 1.2450

The GBP/USD pair trades with mild gains around 1.2445 during the early European trading hours on Thursday. A modest decline in the Greenback provides some support to the major pair. Investors will closely watch the advance US Gross Domestic Product (GDP) data for the fourth quarter (Q4), which is due later on Thursday. Also, the weekly Initial Jobless Claims and Pending Home Sales will be published. Read More...

GBP/USD tests the water near 1.24 as key US data looms

GBP/USD spun in a tight circle on Wednesday, briefly dipping into the 1.2400 handle after the Federal Reserve (Fed) kept interest rates on hold. Rate futures markets broadly forecast the lack of movement on interest rates, with the Fed citing no particular reason to rush into further rate cuts. The back half of the trading week will be key US data releases to see if the Fed made the right call. 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 recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull.

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).