Pound Sterling Price News and Forecast: GBP/USD weakens as cautious sentiment prevails ahead US PMI release

FXStreet Team FXStreet

GBP/USD falls toward 1.3300 as Trump signals optimism over potential US-China trade deal

The GBP/USD pair continues its downward trajectory for the third straight day, trading around 1.3310 during Thursday’s Asian session. Market participants appear to be positioning cautiously ahead of the US Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI), set to be released later in the North American session.

The US Dollar (USD) is gaining strength, buoyed by comments from US President Donald Trump during a NewsNation Town Hall interview early Thursday. Trump expressed optimism about a possible trade deal with China, stating there is a "very good probability we'll reach a deal." He emphasized that any agreement must align with US interests and also hinted at potential future deals with India, South Korea, and Japan. Additionally, Trump announced that a trade agreement with Ukraine had been finalized earlier in the day. Read more...

GBP/USD drops as US economy shrinks, inflation holds firm

The Pound Sterling (GBP) tumbled against the US Dollar (USD) as the economy in the United States (US) contracted, as revealed by Gross Domestic Product (GDP) figures for Q1 2025. At the time of writing, GBP/USD trades at 1.3331, down 0.51%

The US Commerce Department showed that GDP contracted by 0.3% in Q1 2025, down from a 2.4% growth in the last quarter of 2024 and missing the consensus of a modest 0.3% growth. Meanwhile, a measure of prices for the same period rose sharply by 3.7%, indicating a reacceleration of inflation. Read more...

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EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

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Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

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