Pound Sterling Price News and Forecast: GBP/USD strengthens to around 1.3735 on Friday

FXStreet Team FXStreet

GBP/USD holds positive ground above 1.3700, all eyes on US PCE release

The GBP/USD pair holds positive ground near 1.3735 during the Asian trading hours on Friday. The prospect of Trump announcing the next Fed Chair weighs on the US Dollar (USD) against the Pound Sterling (GBP). The US Personal Consumption Expenditures (PCE) - Price Index data for May will be in the spotlight later on Friday.

The concerns over the future independence of the Fed continue to undermine the Greenback and create a tailwind for the major pair. US President Donald Trump said that he was considering selecting the next Fed Chair early fuelled fresh bets on US rate cuts. Trump said that he has a list of potential Powell successors down to “three or four people,” without naming the finalists. Read more...

GBP/USD continues its march up the charts for a fourth straight day

GBP/USD rose on Thursday, stepping into a fourth straight day of firm gains and clipping 44-month highs near 1.3770. A broad sell-off in the US Dollar is bolstering the Greenback’s major counter-currencies, helping to push Cable into its highest bids in nearly four years.

Market sentiment has recovered its footing following a tense start to the week: easing Middle East tensions and continued waffling on trade barriers by the Trump administration are helping to keep risk appetite on the high end. White House Press Secretary Karoline Leavitt floated the idea of the July 9 deadline for the return of reciprocal tariffs to not be a hard barrier, signaling to markets that the Trump administration has been pushed off of its high-tariff threats, even though prospects for the firm trade deals that President Trump was promising remain fairly anemic. Read more...

GBP/USD hits near 4-year high as Trump eyes Powell successor, Dollar sinks

The Pound Sterling advances to near four-year highs against the US Dollar on Thursday, as breaking news revealed by the Wall Street Journal (WSJ) suggests that US President Donald Trump might name Jerome Powell's successor to the Federal Reserve Chair in October and September. At the time of writing, the GBP/USD trades at 1.3746, up 0.61%.

The potential replacements for Fed Chair Powell, according to the article, include former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Secretary of the Treasury Scott Bessent. The news dragged the Dollar lower, as this would create confusion amongst investors, who would need to monitor comments from Powell, alongside the upcoming Fed Chair. 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).