GBP/USD Forecast: Pound Sterling Holds Lower as Dollar Awaits GDP Jump

Modified: Wednesday, 24 September 2025 23:45 BST - Written by Tim Boyer

STORY LINK GBP/USD Forecast: Pound Sterling Holds Lower as Dollar Awaits GDP Jump

The Pound to US Dollar (GBP/USD) exchange rate slipped on Wednesday as risk-averse sentiment gripped markets.

At the time of writing, GBP/USD was trading at $1.3477, down around 0.3% from the session open.

The US Dollar (USD) drew support from safe-haven demand, strengthening against several peers as investors sought stability.

Gains were capped, however, as markets looked ahead to key US data due later in the week.

The Pound (GBP) stayed on the defensive after Tuesday’s underwhelming PMI results.

The services index slowdown reinforced concerns about weaker UK growth, keeping Sterling subdued through mid-week trade.

Investor attention turned to remarks from Bank of England policymaker Megan Greene.

Known as one of the more hawkish voices on the MPC, a repeat of her warnings about slowing disinflation could hint at higher-for-longer rates and help steady Sterling.

GBP/USD Forecasts: US Data to Steer Direction

Looking to Thursday, US durable goods orders and second-quarter GDP figures are likely to set the tone.

Durable goods are forecast to rebound from -2.8% to -0.5%, while GDP is expected to accelerate sharply from -0.5% to 3.3%.

If realised, the releases could give the Dollar fresh momentum.

For the Pound, focus will be on the CBI distributive trades survey. An improvement from -32 to -26 would still signal weak retail activity, but any upside surprise could lend Sterling modest support towards the end of the week.

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TAGS: Pound Dollar Forecasts