Pound Sterling Price News and Forecast: GBP/USD with no momentum, more sellers

GBP/USD with no momentum, more sellers

GBP/USD fell to 1.3228 on Wednesday, with the pound remaining at three-month lows. Investors continue to favour the dollar amid growing expectations of a Federal Reserve rate hike as early as October, while the Bank of England is not expected to change policy until November.

High oil prices are also supporting the US dollar. Negotiations to resume full operations at the Strait of Hormuz have stalled, heightening inflation risks, strengthening expectations of further Fed tightening, and increasing demand for the US currency as a safe-haven asset. Read more...

British Pound moves away from two-month low after UK Q2 GDP as USD retreats ahead of PCE

The GBP/USD pair attracts some buyers during the early European session on Wednesday and moves away from a two-month low, around the 1.3200 mark touched the previous day. Spot prices climb to the 1.3260 area following the release of the final UK GDP print, though the upside potential seems limited as traders might opt to move to the sidelines ahead of important US macro data.

The Office for National Statistics (ONS) reported that the UK economy grew by 0.5% in the second quarter of 2026, which is an upward revision from the initial estimate of 0.4%. The data reaffirms rising market bets for a 25-basis-point (bps) rate hike by the Bank of England (BoE) at the upcoming meeting on November 5, providing a modest lift to the British Pound (GBP). The US Dollar (USD), on the other hand, is pressured by retreating US bond yields and offers additional support to the GBP/USD pair. Read more...

GBP/USD Price Forecast: Weakens below 1.3250, technical barriers sustain bearish bias

The GBP/USD pair loses momentum to near 1.3225 during the early European trading hours on Wednesday. Surging US Treasury yields and the hawkish stance of the Federal Reserve (Fed) provide some support to the US Dollar (USD) against the British Pound (GBP). 

Chicago Fed President Austan Goolsbee said on Tuesday that inflation remaining above the Fed's target represents a dangerous situation that may require policy action. Meanwhile, Fed Governor Michael Barr warned that further rate increases will likely be needed to slow inflation. Read more...