# GBP/USD slips towards 1.3500 as US GDP beats forecasts, PCE in focus

> GBP/USD slipped toward 1.3500 after the second estimate of US Q2 GDP showed 3.3% annualized growth, above the 3.1% forecast. Core PCE for the preliminary reading rose 2.5% quarter-on-quarter, below the 2.6% forecast. Traders awaited the July PCE report amid dovish Fed expectations.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/23593-gbp-usd-slips-towards-1-3500-as-us-gdp-beats-forecasts-pce-in-focus
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong growth alongside easing inflation supports Fed cut expectations that weigh on the dollar, which can help dollar-priced commodity demand from non-US buyers.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Euro rises as Eurozone growth outpaces forecasts](https://feedsoft.ai/events/7686-euro-rises-as-eurozone-growth-outpaces-forecasts.md) | -1.2% | -1.9% |
| DXY | 2021-07-06 | [USD/JPY drops toward 110.50 on plunging US Treasury bond yields — Octa](https://feedsoft.ai/events/46304-usd-jpy-drops-toward-110-50-on-plunging-us-treasury-bond-yields-octa.md) | +0.2% | +0.1% |
| DXY | 2020-03-26 | [Forex markets: Dollar drops as US jobless claims surge](https://feedsoft.ai/events/6584-forex-markets-dollar-drops-as-us-jobless-claims-surge.md) | -0.8% | -0.7% |
| DXY | 2017-01-30 | [FxWirePro: Decelerated US growth threatens dollar bulls but forecasts on Federal Reserve keeps bullish rout intact, DXY oscillates in range \| EconoTimes](https://feedsoft.ai/events/73164-fxwirepro-decelerated-us-growth-threatens-dollar-bulls-but-forecasts-on-federal.md) | -1.2% | -1.2% |
| DXY | 2020-07-31 | [Oil on track for monthly gains as US cuts production - Markets - Business Recorder](https://feedsoft.ai/events/52264-oil-on-track-for-monthly-gains-as-us-cuts-production-markets-business-recorder.md) | -0.3% | -0.6% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gbp-usd-retreats-below-13500-as-us-gdp-growth-outpaces-expectations-202508281335

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.