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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EUR/USD breaks through 100-hour SMA as bears await acceptance below 1.1900

The EUR/USD pair attracts fresh sellers following the previous day's good two-way price swings and retests sub-1.1900 levels during the Asian session on Friday. Spot prices, however, recover around 25 pips from the daily low and currently trade around the 1.1920-1.1925 region, down 0.35% for the day.

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 edges higher against the Pound Sterling 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 data later on Friday.

Gold declines as government funding deal boosts USD and prompts profit-taking

Gold is witnessing heavy liquidation for the second straight day on Friday, following the parabolic rise of more than 25% since the beginning of this month and a series of record highs set over the past two weeks or so. The US Dollar gains some positive traction amid the optimism over a Senate deal to fund the federal government through the remainder of the fiscal year.

Stellar deepens correction, slipping to 3-month low as risk-off mood persists

Stellar continues to trade in the red, slipping below $0.20 on Friday, a level not seen since mid-October. Bearish sentiment intensifies amid falling Open Interest and negative funding rates in the derivatives market. On the technical side, weakening momentum indicators support further correction in XLM.

Microsoft sell-off etches $400 billion hole in market, second highest on record

Microsoft's (MSFT) post-earnings cratering on Thursday sent other indices into pullback mode despite the narrow nature of its weakness.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple deepen sell-off as bears take control of momentum

Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.