ForexMedium•1 October 2026•
1 min read
GBP/USD Weakens as US Dollar Index Approaches 102 Level
Key Facts
1The GBP/USD pair declined as the US Dollar Index (DXY) approached the 102 level.
2Strong US jobs and factory strength data contributed to the dollar's upward momentum.
The GBP/USD pair declined as the US Dollar Index (DXY) approached the 102 level. FXStreet reported that robust US employment data and manufacturing strength contributed to the dollar's upward momentum, exerting downward pressure on the Pound Sterling.
The currency move follows expectations of sustained dollar strength, which overshadowed previous signs of resilience in the UK economy. Data from September 25, 2026, showed US Durable Goods Orders held steady at 0%, exceeding forecasts of a -0.4% contraction, while UK Consumer Confidence was recorded at -13 on September 24, 2026.