- GBP/USD plane in 1,3707 while Bostic points out only one fed cut in 2025 and three in 2026.
- The GDP of the United Kingdom expands 0.7% intertrmetral in the first quarter, the fastest in a year; Demand cooling signals arise.
- The commercial agreement between the US and the United Kingdom enters into force; The attention focuses on Powell and Bailey’s speeches on Tuesday.
The GBP/USD is practically unchanged during the North American session in the midst of the hard line comments of the president of the Atlanta Fed, Raphael Bostic, despite the fact that the data of the United Kingdom revealed that the economy grew at its fastest rate in a year. At this time, the Par is quoted in 1,3707, practically unchanged.
Esterlina libra ignores the strong growth of the United Kingdom while the tone of the Fed and conversations about the succession of Fed compensate for commercial optimism
The feeling of the market remains positive, despite the speculation that US president Donald Trump could select the new Fed president for September or October. This is undermining the Dollarwhich, according to the US dollar index (DXY), has fallen 0.50% to 97.05. Meanwhile, Raphael Bostic reiterated that he is still waiting for the Fed to cut rates, but only once in 2025 and three times in 2026.
In the data front, the US economic agenda revealed that the Chicago PMI for June deteriorated from 40.5 to 40.4, below the forecasts of a slight improvement to 43, even in contraction territory.
Meanwhile, the commercial agreement between the US and the United Kingdom entered into force on Monday. The agreement reduced US tariffs on some industrial items in Great Britain.
On the other hand, the Gross Domestic Product (GDP) of the United Kingdom was in line with estimates, with quarterly figures from the first quarter of 2025 in 0.7% and an annual growth of 1.3%. Despite this, there are the first signs of a demand that is softening, which could undermine the economy.
Regarding interest rates expectations, it is projected that the Federal Reserve reduce rates at 64 basic points towards the end of the year. On the other side of the ocean, the markets are valuing 50 basic points of relaxation by the Bank of England (BOE) for December 2025.
On Tuesday, the United Kingdom Agenda will have the speech of the governor of BOE, Andrew Bailey. In the US, the operators will be attentive to the ISM manufacturing PMI and the speech of the president of the Fed, Jerome Powell.
GBP/USD price forecast: technical perspective
The consolidation is the key, with the GBP/USD finding a strong support in 1,3700. Sellers cannot drag the vagnic rate down and still can clear the strong support in 1,3631, the maximum of June 13. Mixed price action readings indicate that the trend is upward; However, the bullish impulse seems to be fading, as indicated by the relative force index (RSI), which suggests that lateral trade is prevailing.
For an upward continuation, the GBP/USD It needs to exceed the maximum of the year until the date of 1,3752, before 1,3800. On the other hand, a break below 1,3600 exposes the 20 -day SMA in 1,3569, followed by 1,3500 and the 50 -day SMA in 1,3440.
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the strongest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | 0.08% | 0.01% | -0.36% | -0.22% | -0.26% | -0.33% | |
| EUR | 0.06% | 0.10% | 0.10% | -0.31% | -0.18% | -0.19% | -0.28% | |
| GBP | -0.08% | -0.10% | -0.22% | -0.41% | -0.28% | -0.31% | -0.39% | |
| JPY | -0.01% | -0.10% | 0.22% | -0.38% | -0.19% | -0.24% | -0.31% | |
| CAD | 0.36% | 0.31% | 0.41% | 0.38% | 0.08% | 0.10% | 0.02% | |
| Aud | 0.22% | 0.18% | 0.28% | 0.19% | -0.08% | -0.03% | -0.11% | |
| NZD | 0.26% | 0.19% | 0.31% | 0.24% | -0.10% | 0.03% | -0.08% | |
| CHF | 0.33% | 0.28% | 0.39% | 0.31% | -0.02% | 0.11% | 0.08% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
