GBP/JOD Price & Performance (GBPJOD)

The British pound fell against the US dollar, trading around 1.2895 as UK inflation dipped to 2.8%. Investors are also analyzing the Spring Budget, which introduced £7 billion in cuts. Meanwhile, stronger-than-expected US durable goods data helped the dollar regain ground, creating additional pressure on the pound.12

The FTSE 100 slipped over 0.5% on Friday due to weak public finance data and travel disruptions, including a Heathrow fire. However, cautious monetary policy from the Bank of England allowed the index to achieve a small weekly gain. Miners and travel stocks were among the hardest hit.34

The GBP/USD pair is showing bearish momentum, trading below key support levels at 1.2940. UK inflation softness and cautious central bank messaging are pressuring the pound, while the US dollar benefits from stronger durable goods data. Traders are eyeing further declines if support levels break.51