Sterling Slides as French Fiscal Shock Lifts Dollar Demand, Despite Softer US Services Data

by VT Markets
/
Oct 6, 2026

Sterling slipped at the start of the week, falling by over 0.19% against the US Dollar as a fiscal shock in France helped lift demand for the Greenback. The GBP/USD pair was trading at 1.3218 at the time of writing, with price action leaning in favour of the Dollar.

US Dollar Strengthens Despite Soft Data

The move came despite a dip in US services sector activity. Elevated US Treasury yields underpinned the Dollar, keeping it supported even as the services data softened.

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