The British Pound is under pressure against the US Dollar, with the GBP/USD currency pair sliding toward the 1.3370 level. Currently trading at 1.3367, the exchange rate reflects a drop of 0.53%. Strong economic data from the United States, particularly in manufacturing and employment, has propelled the Greenback, overshadowing a positive Gross Domestic Product (GDP) report from the UK.
The robust performance of the US economy continues to influence trading sentiment, as investors react to the potential for further tightening of monetary policy by the Federal Reserve. Conversely, the UK's economic outlook, while optimistic, has not been enough to support the Pound in this current market environment. As the GBP/USD pair moves lower, traders will be closely watching upcoming US economic indicators for further direction.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 16:34
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.