Gbp/usd pairs in consolidation amid mixed us economic indicators

GBPUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.01%	-2 Pips
Week to-date	-0.43%	-58.6 Pips
July	-0.52%	-71.8 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

In May 2025, the United States experienced a significant boost in new orders for manufactured goods, which rose by 8.2%, bouncing back from a 3.7% decrease in April. This reflects a positive turn in manufacturing activity and suggests a strengthening demand in the economy. In June 2025, the U.S. Nonfarm Payroll Employment increased to 147,000, slightly up from a revised figure of 139,000 in the preceding month, indicating steady job growth. Initial Unemployment Insurance Claims for the week ending June 28th dropped to 233,000 from a revised 237,000, underscoring a resilient labor market. However, the Labor Force Participation Rate decreased slightly to 62.3% in June from 62.4% in May, signaling a marginal contraction in the active workforce.

Meanwhile, the U.S. unemployment rate for June edged down to 4.1% from 4.2% in May, demonstrating an improvement in employment conditions. On the earnings front, average hourly earnings on a monthly basis dropped to 0.2% in June from 0.4% in May, reflecting moderated wage pressure. On an annual basis, average hourly earnings were revised down to 3.7%, slightly below the previous month’s revised figure of 3.8%. Lastly, the U.S. U-6 Total measure of labor underutilization fell to 7.7% from 7.8% in May, suggesting a marginal improvement in the broader labor market underutilization perspective.

The diverse economic indicators from the United States reflect a mixed economic landscape with improving manufacturing and job growth, alongside moderated wage increases and a slight decline in labor force participation. The effect on the GBP/USD pair may be multifaceted. The marginal decrease in unemployment suggests a relatively strong U.S. labor market, which could support the U.S. dollar. However, softer wage growth could temper bullish sentiment. The lack of major events might lead to the GBP/USD pair remaining in consolidation, as market participants digest these complex developments. The pair had a slight drop of 0.01% on Thursday, noting the hesitance in movement, with an exchange rate at 1.36502. Without significant data catalysts, traders might remain on edge, awaiting clearer economic signals that could decisively influence the GBP/USD trajectory.

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What can we expect from GBPUSD today?

GBPUSD on Thursday dropped -0.01% to 1.36502. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.35984 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.36757 or trades above daily pivot 1.3637. Break above could target R1 at 1.36889. While to the downside, we are looking at 1.35984 (S1) and daily low of 1.35852 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.35852 would indicate selling pressure.

For the week to-date, take note that GBPUSD is mixed as compared to the prior week.

Key levels to watch out:

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