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Pound Sterling Forecast: Will GBP/USD Stay Weak Before Powell?

Summary by currencynews.co.uk
GBP/USD UpdateGBP/USD trades near 1.3426, down 0.3% on risk-off sentimentUSD gains as US PMIs surprise to upside, jobless claims fallPound cushioned by UK Services PMI rebound to 53.6 vs 51.8 expectedMarkets cautious ahead of Powell’s Jackson Hole speechUK consumer confidence due; forecast at -20, seen weighing on GBP The Pound US Dollar exchange rate (GBP/USD) was dented on Thursday following the release of both the US’s and UK’s latest PMIs.
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currencynews.co.ukcurrencynews.co.uk

Pound Sterling Forecast: Will GBP/USD Stay Weak Before Powell?

GBP/USD UpdateGBP/USD trades near 1.3426, down 0.3% on risk-off sentimentUSD gains as US PMIs surprise to upside, jobless claims fallPound cushioned by UK Services PMI rebound to 53.6 vs 51.8 expectedMarkets cautious ahead of Powell’s Jackson Hole speechUK consumer confidence due; forecast at -20, seen weighing on GBP The Pound US Dollar exchange rate (GBP/USD) was dented on Thursday following the release of both the US’s and UK’s latest PMIs.

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currencynews.co.uk broke the news in on Thursday, August 21, 2025.
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