GBP/USD Falls Toward 1.3550 as Markets Await UK GDP Data

GBP/USD Falls Toward 1.3550 as Markets Await UK GDP Data

Published: July 11, 2025
Category: Forex | GBP/USD

Sterling Weakens for Sixth Day, Fed Talk Lifts Dollar

The GBP/USD currency pair extended its losing streak to six consecutive sessions, slipping to around 1.3560 during Friday’s Asian session. The British Pound (GBP) declined as the US Dollar (USD) found strength from Federal Reserve policy signals that suggest a more cautious approach to future rate cuts.

Fed’s Goolsbee Pushes Back on Debt-Driven Rate Cuts

On Thursday, Federal Reserve Bank of Chicago President Austan Goolsbee stated he does not agree with the idea of cutting interest rates solely to make government debt more affordable, emphasizing the Fed’s dual mandate—jobs and price stability.

Meanwhile, the FOMC minutes from the June 17–18 meeting showed that policymakers remain largely in a wait-and-see mode, waiting for clearer signals before making interest rate decisions.

UK GDP in Focus as Market Awaits May Data

Investors are now watching for May's UK Gross Domestic Product (GDP) report due later today, which could shape expectations for the Bank of England’s monetary policy going forward.

GBP/USD Price Snapshot – July 11, 2025

IndicatorValueTrendGBP/USD Rate1.3560▼ LowerChange on Day-0.25%6th day of declineKey Resistance1.3600Short-term capKey Support1.3520Watch ahead of GDP

Key Takeaways:

• GBP/USD hits lowest level in over a week
• Fed’s tone reduces chances of immediate US rate cuts
• UK GDP report could provide direction for GBP
• Risk sentiment remains cautious amid rate uncertainty