In the Tokyo market, the British pound started weak. Rising U.S. long-term interest rates and selling pressure pushed it down from around 1.35.
When the London market opened, selling increased quickly, and the pound fell into the 1.33 level. Prime Minister Starmer moved the deputy chief of the Treasury and made other reforms. This caused more concern about the UK’s finances and led to more selling of the pound.
In the New York session, GBP/USD fell to 1.3341, then buyers pushed it back to the 1.34 area. However, the pound’s price still has difficulty rising. At the same time, concerns about U.S. fiscal deficits and the legality of Trump tariffs limit the pound’s downside.
Traders should watch for a rebound if the pound is sold too much before the U.S. jobs report at the weekend.
GBP/USD expected range: 1.3310 – 1.3420 USD
Note: This information does not guarantee profit. Please make your own decisions when trading