Pound Sterling Price News and Forecast: GBP/USD could extend slide once 1.3600 is confirmed
|GBP/USD Forecast: Pound Sterling could extend slide once 1.3600 is confirmed as resistance
GBP/USD recovered after setting a two-week low and closed virtually unchanged on Tuesday. The pair moves up and down in a narrow band at around 1.3600 midweek, while the technical picture doesn't offer any signs of a steady recovery.
The uncertainty surrounding the United States' trade relations and their potential impact on growth and inflation outlook causes markets to cling to a cautious stance. In turn, the US Dollar (USD) finds demand as a safe-haven and stays resilient against its rivals. Read more...
Pound Sterling flattens against US Dollar, Trump delivers fresh tariff threats
The Pound Sterling (GBP) trades calmly around 1.3600 against the US Dollar during European trading hours on Wednesday, with the GBP/USD pair broadly stable after United States (US) President Donald Trump threatened a series of new tariffs on Tuesday.
At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades at 97.50, broadly stable on the day and not far from the weekly high of around 97.80. Read more...
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