- GBP/USD rises by 0.12% to 1.3289 because the dollar drops to soft American work data.
- July NFP printing on 73k; The previous months were revised 258K, launched the main shooting BLS.
- Markets Price 76% Chance to Reduce Fed rates in September.
- Boe expected to decrease by 25 bps on August 7; 50 BPS release observed for 2025.
GBP/USD will gather for the second direct day, by 0.12% after the report of a frantic work in United States (OUR). Data made investors to the price at a rate of reducing Federal reserve On the upcoming September. The pair is traded at 1.3289 after the daily minimum of 1.3253 was reflected.
Sterling profits for the second day, but July closes with more than 3.8% loss; Boe cut off this week
Last week revision 258k on Nonfarm Payroll Data for May and June, along with July 73k printing, under the forecasts of 110K, weighed the dollar in the middle of the worries that the labor market would start to show some cracks. The NFP report launched US President Donald Trump commissioner, stating that BLS Feared Jobs’s jobs.
As a result, GBP/USD gained some ground, although it ended in July with losses of over 3.8%. Meanwhile merchants are formed for Bank of England (Boe) Decision on monetary policy this week, with markets that appreciate 90% chance of 25 basis points (BPS) 7 August. For the rest of the year 2025, markets seem to be convinced that Boe seeds with 50 BPS banking rates.
On the data queue, the US factory orders dropped in June as a result of commercial orders to throwing aircraft. The numbers came to -4.8% as expected, from 8.2% of the positive print of May.
GBP/USD Price prognosis: Technical outlook
GBP/USD has stopped its descending impact, yet it remains ready to consolidate in the 1.3200 – 1.3300 for the first day of the week. After hitting the daily high height of 1.3330, the couple plunged close to 50 cores and created a “reverse hammer” or shooting. This suggests that traders are reluctant to push higher prices and can sponsor lower prices test daily just below 1.3300.
The first support is 1.3250, followed by 1.3200 and July DNA 1.3141. On the contrary, a daily closure above 1.3300 can sponsor the 100 -day SMA test to 1.3340, before testing 23 June aid changed resistance to 1.3369.
British pound price this month
The table below shows the percentage change in the British pound (GBP) against the main currencies. The British pound was the strongest against the US dollar.
| USD | Eur | GBP | Jy | CAD | Auditorium | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.21% | -0,58% | -2,37% | -0,51% | -0,51% | -0.04% | -0.45% | |
| Eur | 1.21% | 0.74% | -1.16% | 0.77% | 0.84% | 1.03% | 0.83% | |
| GBP | 0.58% | -0.74% | -1.86% | 0.03% | 0.10% | 0.50% | 0.11% | |
| Jy | 2.37% | 1.16% | 1.86% | 1.88% | 1.90% | 2.26% | 1.97% | |
| CAD | 0.51% | -0.77% | -0.03% | -1.88% | -0.02% | 0.47% | 0.08% | |
| Auditorium | 0.51% | -0.84% | -0.10% | -1.90% | 0.02% | 0.40% | 0.11% | |
| NZD | 0.04% | -1.03% | -0.50% | -2.26% | -0.47% | -0,40% | -0.29% | |
| CHF | 0.45% | -0.83% | -0.11% | -1.97% | -0.08% | -0.11% | 0.29% |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is selected from the left column, while the currency of the menu is selected from the upper row. For example, if you choose a British pound from the left column and move along the horizontal line to the US dollar, the percentage change displayed in the box will be GBP (Base)/USD (Quote).
