Pound Sterling Price News and Forecast: GBP/USD steadies awaiting preliminary Q1 UK GDP

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British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates

GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day.

The GBP/USD pair holds ground as the US Dollar (USD) remains firm on market caution as traders await further updates amid the ongoing meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing. Traders will also shift their focus to the US Retail Sales report for April due later in the day. Read more...

Pound Sterling reverses intraday gains as US PPI and UK political risk weighs

GBP/USD ended Wednesday little changed on a net basis, though the session included a sharp intraday swing of around 65 pips. The pair climbed through London hours before an aggressive reversal into the US session pressed it to the day's low; a recovery through the New York afternoon left price near the opening level, extending the pullback from last week's multi-week highs.

Political uncertainty in the United Kingdom continued to pressure Pound Sterling, with more than 80 Labour members of parliament having called for Prime Minister Keir Starmer to step down following the party's poor local election results. Investors are concerned that a leadership change could lead to looser fiscal policy to regain voter support, adding to the United Kingdom's already elevated borrowing pressures; the International Monetary Fund (IMF) recently cut its UK growth forecast for 2026 from 1.3% to 0.8%. Thursday's first-quarter gross domestic product (GDP) release is the key upcoming event for Pound Sterling, with the data likely to sharpen market views on the fiscal and monetary policy outlook into the second half of the year. Read more...

British Pound falls as hot PPI, Starmer turmoil lift US Dollar

The British Pound (GBP) posts a 0.19% loss against the US Dollar (USD) on Wednesday in back-to-back bearish days after a red-hot US inflation report, amid mounting pressure on UK Prime Minister Keir Starmer to resign. The GBP/USD pair trades at 1.3513 after hitting a low of 1.3484 earlier in the day.

Inflation continues to grab the headlines. High energy prices, due to stalled negotiations between the US and Iran to resolve the conflict, keep Oil prices above $100. Hence, central banks are positioning to hold interest rates higher for longer, prompting traders to buy the Greenback. Read more...

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GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.