The GBP/USD pair is attracting some buyers near the technically important 200-day simple moving average (SMA) and recovering slightly from the lowest level in almost three weeks, which was touched during the Asian session on Monday. Spot prices currently appear to have snapped a four-day losing streak and are currently trading around the 1.3435 area, up 0.20% on the day.
Despite the global flight to safety and lower bets on more aggressive policy easing by the US Federal Reserve (Fed), renewed concerns about the independence of the US central bank are weighing on the US dollar and benefiting the GBP/USD pair. In fact, Federal Reserve Chairman Jerome Powell said in a statement that the Justice Department is threatening to file a criminal indictment against him. Powell added that the threat of criminal charges is the result of the Fed’s best-in-we assessment of what will serve the public, rather than following the president’s preferences.
The US Dollar Index (DXY), which tracks the greenback against a basket of currencies, saw an extension in Friday’s decline from its highest level since December 9, which was touched ahead of the important US Non-Farm Payrolls (NFP) report. The US NFP report showed that the economy added 50,000 new jobs in December, falling short of market expectations and offsetting a decline in the unemployment rate to 4.4%. However, the data supports the case for a possible monetary policy recession in the first quarter, although it does little to impress US dollar bulls.
However, rising bets on two more interest rate cuts by the Bank of England (BoE) in 2026 may prevent traders from placing strong bullish bets around the British Pound (GBP) and put a cap on the GBP/USD pair. Traders may also choose to wait for the latest US inflation figures to be released this week – the Consumer Price Index (CPI) and Producer Price Index (PPI) on Tuesday and Wednesday respectively. Furthermore, the UK monthly GDP report on Thursday will provide some major momentum for GBP/USD during the latter part of the week.
US dollar price today
The table below shows the percentage change in the US Dollar (USD) against the major currencies listed today. The US dollar was the strongest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.24% | -0.20% | -0.16% | -0.16% | -0.19% | -0.20% | -0.36% | |
| euro | 0.24% | 0.04% | 0.06% | 0.08% | 0.05% | 0.01% | -0.13% | |
| GBP | 0.20% | -0.04% | 0.02% | 0.04% | 0.00% | -0.03% | -0.17% | |
| JPY | 0.16% | -0.06% | -0.02% | 0.02% | -0.02% | -0.05% | -0.19% | |
| Canadian | 0.16% | -0.08% | -0.04% | -0.02% | -0.03% | -0.06% | -0.21% | |
| Australian dollar | 0.19% | -0.05% | -0.01% | 0.02% | 0.03% | -0.04% | -0.18% | |
| New Zealand dollar | 0.20% | -0.01% | 0.03% | 0.05% | 0.06% | 0.04% | -0.14% | |
| Swiss franc | 0.36% | 0.13% | 0.17% | 0.19% | 0.21% | 0.18% | 0.14% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select USD from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
