Pound Sterling Price News and Forecast: GBP/USD weakens to around 1.3760 early European session

FXStreet Team FXStreet

GBP/USD softens to near 1.3750 as US Senate advances spending deal to avoid shutdown

The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown. Traders will keep an eye on the US Producer Price Index (PPI) data later on Friday.

The US Senate could vote as soon as Thursday night to approve a government funding package after Democrats reached a deal with Trump to strip out the full-year spending bill for the Department of Homeland Security (DHS). The Greenback gains ground against the GBP in an immediate reaction to this headline. Read more...

GBP/USD slides below 1.3780 as Fed hold lifts the Dollar

GBP/USD tumbles during the North American session on Thursday after the US Federal Reserve (Fed) held rates unchanged and revealed a stabilization of the jobs market. At the time of writing, the pair trades at 1.3779, down 0.18%. On an abrupt move, the US Dollar Index (DXY), which tracks the performance of the buck’s value against six currencies, is up 0.65% to 96.40, a headwind for Sterling.

The US Dollar’s gains and the fall of US equities sent Gold, Silver and risk assets like Bitcoin and Ethereum plunging across the board. Aside from this, on Wednesday, the Fed held rates unchanged at the 3.50%-3.75% range to assess the impact of 75 basis points of easing during the second half of 2026. The decision was by majority on a 10-2 vote split, with Governors Waller and Miran opting for a quarter of a percentage point cut. Read more...

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AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

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Gold weakens to three-month lows near $4,300

Gold faces increasing selling interest and approaches the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.