Pound Sterling Price News and Forecast: GBP/USD slides as decline in UK GDP stems economic concerns

FXStreet Team FXStreet

Pound Sterling slides as decline in UK GDP stems economic concerns

The Pound Sterling (GBP) falls sharply against its major peers on Friday after the United Kingdom (UK) Office for National Statistics (ONS) reported that monthly Gross Domestic Product (GDP) and factory data surprisingly contracted in October. The report showed that the economy declined by 0.1%, as it did in September, while economists expected it to expand by 0.1%. Read More...

GBP/USD depreciates to near 1.2650 ahead of UK monthly GDP

GBP/USD holds losses for the third successive day, trading around 1.2660 during the Asian hours on Friday. The pair depreciates as the potential tariff threats from Trump’s administration have boosted the US Dollar (USD) across the board and created a headwind for the risk-sensitive British Pound (GBP). Read More...

GBP/USD breaks down as Pound bulls roll over

GBP/USD lost its grip on Thursday, easing back below the 1.2700 handle and shedding over half of a percent in the pair’s worst showing in weeks. US Producer Price Index (PPI) inflation rose faster than expected in November, and US weekly Initial Jobless Claims also rose faster than forecasts. Read More...

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EUR/USD hangs close to 1.1750, with eyes on Fedspeak

EUR/USD is holding its retreat from 10-week highs near 1.1750 in the European session on Friday, capped by a modest rebound in the US Dollar. The potential downside for the pair might be limited amid expectations of divergent Fed-ECB monetary policy outlooks. Fedspeak is awaited,

GBP/USD holds steady below 1.3400 after mixed UK data

GBP/USD is keeping its range trade intact below 1.3400 in European trading on Friday. The UK GDP unexpectedly fell by 0.1% in October vs. a 0.1% growth expected, while the Manufacturing Production rose 0.5% over the month in the same period, missing the estimated 1% increase. Mixed UK data have little to no impact on the Pound Sterling.

Gold remains close to its highest level since October 21 amid Fed's dovish outlook

Gold remains on the back foot through the Asian session on Friday, though it lacks follow-through and trades near its highest level since October 21, touched the previous day. A generally positive tone around the equity markets undermines demand for traditional safe-haven assets and acts as a headwind for the commodity.

Bitcoin and Ethereum eyes breakout, Ripple steadies at support

Bitcoin and Ethereum are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

Big week ends with big doubts

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

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