The GBP/USD exchange rate fell to 1.3454 on July 25, 2025, down 0.40% from the previous session, as reported by Trading Economics. This decline followed softer-than-expected UK economic data, with the S&P Global Composite PMI dropping to 51 in July from 52 in June, missing market expectations of 51.9. Posts on X noted that GBP/USD consolidated near both EMAs after retreating from recent highs, with higher swings suggesting a continued upward bias. However, the pair faced bearish pressure, with some traders observing a potential reversal or further decline if it breaks below 1.3450, while a break above 1.3500 could target 1.3580. Technical analysis from XTB highlighted a halt in the decline at key support around 1.3461, but the pair remained below the 78.6% Fibonacci retracement level, with market sentiment cautious after a meeting between President Trump and Fed Chair Powell eased tensions.

 GBP/USD Forecast for Next Week (July 28 - August 1, 2025) Expected Movement: 

For the week of July 28, 2025, GBP/USD is likely to experience volatility with a potential trading range between 1.3400 and 1.3600, based on recent technical and fundamental factors. The pair may face short-term downward pressure but could see recovery attempts if risk sentiment improves or key support levels hold. A cautiously bullish bias is possible, though the pair's direction will hinge on upcoming economic data and central bank signals.