Pound Sterling (GBP) deals 0.4% lower to nearly 1,3420 against the US dollar (USD) during the European Trade Session Monday. The GBP/USD pair is facing selling pressure as the US Dollar rebounds strongly despite growing risks that the White House would be forced to make mass releases in the wake of a partial US (US) government stop.
The US Dollar Index (DXY), which tracks Greenback’s value against six large currencies, gets 0.55% to nearly 98.25.
Over the weekend, the White House signaled that mass endings of federal workers are around the corner as the short -term financing bill is likely to be adopted by the US Senate in the vote on Monday. “US President Donald Trump and Budget Director of the White House Russ Vought are together and getting ready to act if they have to, but hoping they won’t,” National Economic Council director Kevin Hassett told CNN’s “State of the Union” program.
Republicans are struggling to force Democrats to support the Stop Gap Law proposal, as the latter requires the White House to make a permanent expansion of improved Premium tax deductions to help Americans buy private health insurance through the law of affordable care and ensure that it will not try to uniform expenses in any agreement.
Meanwhile, US senators are scheduled to meet again Monday to vote on the stopgap bill. The latest comments from the Democrats have signaled that they will unlikely to vote to support the short -term financing bill. Democratic Senator Ruben Gallego said to CNN, “at this time, no,” after he was asked if legislators are close to reaching an appointment.
The US Dollar Prize today
The table below shows the percentage change of the US dollar (USD) against listed larger currencies today. The US dollar was the strongest against the Japanese yen.
| USD | EUR | GBP | JPY | Cad | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.55% | 0.16% | 0.68% | 0.00% | -0.10% | 0.12% | 0.36% | |
| EUR | -0.55% | -0.49% | 0.04% | -0.57% | -0.68% | -0.45% | -0.22% | |
| GBP | -0.16% | 0.49% | 0.63% | -0.08% | -0.19% | 0.04% | 0.28% | |
| JPY | -0.68% | -0.04% | -0.63% | -0.62% | -0.83% | -0.62% | -0.36% | |
| Cad | -0.01% | 0.57% | 0.08% | 0.62% | -0.07% | 0.12% | 0.36% | |
| Aud | 0.10% | 0.68% | 0.19% | 0.83% | 0.07% | 0.23% | 0.47% | |
| NZD | -0.12% | 0.45% | -0.04% | 0.62% | -0.12% | -0.23% | 0.24% | |
| CHF | -0.36% | 0.22% | -0.28% | 0.36% | -0.36% | -0.47% | -0.24% |
The heating card shows percentage changes to larger currencies against each other. The base currency is selected from the left column while the quote currency is selected from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change represents in the box, USD (base)/JPY (quote).
Daily Digest Market Movers: Investors Waiting for Boe Bailey’s Tale
- Pound Sterling exhibits a mixed performance against his great friends at the beginning of the week, with investors awaiting the speech from Bank of England (Boe) Governor Andrew Bailey at Scotland’s Global Investment Summit 2025 in Edinburgh, Scotland.
- Investors will be careful about Boe Bailey’s words to get signals as to whether the United Kingdom (UK) Central Bank will reduce interest rates for the rest of the year. Participants in the financial market expect Boe to perform a delicate balancing action in upcoming political meetings in the midst of sticky inflation pressure and refrigeration marketing.
- At the August policy meeting, Boe declared that inflation would reach 4% in September. However, Deputy Director Clare Lombardelli and Monetary Policy Committee (MPC) member Catherine Mann warned last week that recent inflation flushes should not be considered temporary.
- The Bank of England’s (Boe) Decision Consultant Panel (DMP) study on Wednesday showed that one year’s forward CPI -inflation expectations of the British companies angled slightly higher to 3.5% in the quarter ending September.
- On the economic data front, the revised British S&P Global PMI report for September showed that activities in the service sector grew at a slower pace than expected before. The Services PMI entered 50.8, lower than the preliminary reading of 51.9. In August, Services registered PMI of 54.2.
Technical Analysis: Pound Sterling continues to push near 20-day EMA
Pound Sterling is in Friday’s trading area around 1,3440 against the US dollar at this time. The GBP/USD par is struggling to return over the 20-day exponential sliding average (EMA) that trades about 1,3476.
The 14-day relative strength index (RSI) swings inside the range of 40.00-60.00, indicating a sideways trend.
Looking down, on August 1, 1,3140 functions as an important support zone. On the head, on September 17, on 1,3726 acts as a key barrier.