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GBP/USD holds steady amid holiday thin trading, UK debt concerns in focus The British Pound (GBP) is treading water against the US Dollar (USD) on Friday, as the Sterling comes under renewed pressure amid lingering fiscal concerns. A combination of cautious risk sentiment, stronger-than-expected US Nonfarm Payrolls (NFP) data, and political uncertainty in the UK is keeping the Pound on the defensive, with the GBP/USD pair struggling to extend its recent gains. Read More…   Pound Sterling weakens as Chancellor Reeves’ welfare bill unleashes fiscal risks The Pound Sterling (GBP) faces selling pressure against its peers on Friday despite United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves committing to remain in her role till the next elections. Read More… GBP/USD steadies around 1.3650 due to rising uncertainty over Trump’s tariff plans GBP/USD holds ground for the second consecutive day, trading around 1.3660 during the Asian hours on Friday. The pair remains steady as the US Dollar (USD) depreciates as traders adopt caution, while seeking clarity on US President Donald Trump’s plans for tariffs on various countries. On Thursday, Trump told reporters that he “will begin sending letters on trade tariffs starting Friday.” He added that he would send letters to 10 countries at a time, laying out tariff rates of 20% to 30%, reported by Reuters. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-holds-steady-amid-holiday-thin-trading-202507041604

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Filed under: News - @ July 5, 2025 6:17 am