GBP/USD - Overview as of 08.05.2025

Financial and commodity markets analytics


Markets in Asia rose on Thursday after U.S. President Donald Trump announced his first trade deal, while the dollar against other currencies held on to most of the gains made amid reduced expectations of a soon-to-be lower interest rate cut.Trump said he would announce details of a major trade deal with an unnamed country at a news conference later in the day. According to some reports, it could be a deal with the UK.Markets are also keeping a close eye on the Bank of England meeting later on Thursday. At the moment, the GBP/USD pair has failed to move out of the range.