The GBP/USD pair showed significant movement. After dropping to a two-week low below 1.3400 on Friday, August 22, 2025, it rallied again as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium. Powell's dovish remarks, indicating the possibility of an interest rate cut, drove a sharp decline in the US dollar, giving the pound sterling room to strengthen again.
External factors, such as President Trump's tariff policies, also influenced GBP/USD movements. Aggressive tariff policies can increase global economic uncertainty, which in turn can affect market sentiment towards major currencies, including the pound sterling.
Overall, today's GBP/USD movement was influenced by a combination of domestic and external factors. Investors are advised to continue monitoring developments in US and UK monetary policy, as well as global trade dynamics, to understand the future direction of this currency pair.
Source: Newsmaker.id
GBP/USD moves little after four days of losses, trading around 1.3410 during the Asian hours on Friday. The pair faced challenges as the US Dollar (USD) gained ground following the key economic data f...
The GBP/USD pair drifts lower to around 1.3450 during the Asian trading hours on Thursday, pressured by a modest rebound in the US Dollar (USD). Traders await the preliminary reading of S&P Global...
The pound (GBP) attracted significant buying interest against other major currencies on Wednesday as the UK Consumer Price Index (CPI) data for July showed a larger-than-expected increase. The Office...
The GBP/USD pair trades on a softer note near 1.3500 during the early European session on Tuesday. The US Dollar (USD) posts modest gains against the Pound Sterling (GBP) as traders pared bets on a ra...
GBP/USD saw a softer start to the new trading week, easing back around four-tenths of one percent through the opening market sessions. The US Dollar (USD) pared some of last week's overall losses, tri...
In today's trading, the USD/JPY currency pair showed significant movement. After strengthening to a two-month high above 148.00 on Friday, August 22, 2025, USD/JPY experienced a sharp decline as the US dollar weakened following Federal Reserve...
The AUD/USD strengthened in today's trading, as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole symposium. Powell's dovish tone, which hinted at a possible interest rate cut at the...
The GBP/USD pair showed significant movement. After dropping to a two-week low below 1.3400 on Friday, August 22, 2025, it rallied again as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole...
The Fed held rates steady at 4.25%–4.50% for a fifth straight meeting, as expected, but two governors dissented in favor of a cut the first such...
Unemployment claims rose 11,000 to 235,000 in the week ending August 16, compared with the median estimate of 225,000, according to Labor Department...
Bets that the U.S. Federal Reserve will cut interest rates in September have dropped significantly over the past week, as markets prepare for Fed...
US manufacturing activity in August surged to 53.3 (above 50 = expansion), the highest since May 2022. Surging demand boosted production and a...