- Written by STORY LINK GBP/USD Price Forecast: Hawkish Fed Expectations Keep US Dollar Supported The Pound to US Dollar (GBP/USD) exchange rate edged lower on Tuesday as investors reacted to the latest UK purchasing managers’ index data. At the time of writing, GBP/USD was trading close to $1.3224, down roughly 0.2% compared with Tuesday's opening levels. The Pound (GBP) came under selling pressure on Tuesday after fresh survey data painted a weaker-than-expected picture of the UK economy.