Modified: Monday, 29 September 2025 23:15 BST

– Written by


Tim Boyer

STORY LINK GBP/USD Forecast: Pound Sterling Gains Ground as Dollar Lags Without Data

The Pound to US Dollar (GBP/USD) exchange rate edged higher on Monday as upbeat risk sentiment pressured the Dollar.

At the time of writing, GBP/USD was trading at $1.3437, up around 0.3% from the session open.

The US Dollar (USD) weakened at the start of the week despite a quiet calendar.

A broadly risk-on mood undercut safe-haven demand, leaving the Greenback on the defensive and posting losses against most peers through Monday’s European session.

The Pound (GBP) saw choppy trading in the absence of major UK data, with moves largely dictated by wider market appetite.

Sterling gained modestly against defensive currencies, while its risk-sensitive profile limited advances versus pro-cyclical rivals.

GBP/USD Forecasts: US Jobs Data in Focus

Looking to Tuesday, the spotlight falls on the latest US JOLTs job openings report for August.

Forecasts point to a decline from 7.181 million to 7.1 million, signalling further cooling in the labour market.

If confirmed, concerns over job creation could weigh on the Dollar and give GBP/USD fresh momentum.

For Sterling, a quiet domestic calendar shifts attention to Bank of England speeches.

Any hawkish signals from policymakers could offer support and help the Pound hold firm as the week unfolds.

Like this piece? Please share with your friends and colleagues:

International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way,
ensuring you get the best exchange rates on your currency requirements.

TAGS: Pound Dollar Forecasts