Pound Sterling Price News and Forecast: GBP rebounds against US Dollar
|Pound Sterling rebounds against US Dollar while US court blocks Trump’s tariffs
The Pound Sterling (GBP) recovers from early losses against the US Dollar (USD), after hitting a bottom of 1.3415, and ticks up around 1.3470 during European trading hours on Thursday. The GBP/USD pair rebounds as the US Dollar surrenders a chunk of its initial gains, as the United States (US) Court of International Trade’s verdict against President Donald Trump’s tariffs increases economic uncertainty further.
The event also seems critical for business owners, who started designing their procurement strategies, considering Trump’s levies as the new normal for the global economy. Read more...
GBP/USD Forecast: Pound Sterling could extend slide if 1.3380-1.3370 support fails
After closing the second consecutive day in negative territory on Wednesday, GBP/USD extended its slide in the Asian session on Thursday and touched its lowest level in six days below 1.3420. The pair staged a rebound in the early European session and was last seen trading little changed on the day above 1.3450.
The improving sentiment around the United States (US) economic outlook boosted the US Dollar and caused GBP/USD to stretch lower. Read more...
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