Currency news / January 27, 2026

USD moves being watched

3 min read Thanim Islam

Thanim IslamJanuary 27, 2026

Market snapshot:

Pressure piles on the greenback

Yesterday's currency recap

USD fell for a third straight day as trade tensions, US political risks and coordinated FX intervention talks weighed on the currency. JPY led G10 gains after Japanese officials signalled readiness to curb excessive moves, pushing USDJPY sharply lower.

EUR and GBP extended gains, while CAD and CHF also strengthened, with USDCHF hitting fresh multi-year lows.

Today's GBP rates

Currency pair	Daily move*	Indicative rate**
GBPAUD	-0.07%	1.9765
GBPCAD	0.35%	1.8748
GBPCHF	-0.28%	1.0610
GBPDKK	-0.07%	8.6049
GBPEUR	-0.07%	1.1522
GBPJPY	-0.67%	210.958
GBPNOK	0.38%	13.3751
GBPNZD	-0.13%	2.2873
GBPSEK	0.16%	12.2249
GBPUSD	0.46%	1.3703

*Daily move - against G10 rates as of 17:00 GMT, 26.01.26
** Indicative rates - interbank rates as of 17:00 GMT, 26.01.26

Key data points

Currency	Event	Period	Consensus	Previous
USD	ADP Weekly Employment Change	3rd Jan		8,000
USD	Consumer Confidence	Jan	91.00	89.10

What we think

USD has steadied after Monday’s sharp losses, trading in a tight range as markets look ahead to major US earnings and this week’s Fed decision. The greenback remains pressured by yen-intervention speculation, trade tensions with Canada and geopolitical concerns. Focus now turns to US consumer confidence and ADP jobs data, followed by tomorrow evening's Fed meeting expected to mark a pause in rate cuts. Big-tech earnings (Meta, Apple, Tesla, Microsoft) are also key, with any signs of US equity underperformance likely to reinforce the broader “sell America” narrative and keep USD on the defensive.

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