Pound Sterling Price News and Forecast: GBP/USD could set new multi-year high
|GBP/USD Forecast: Pound Sterling could set new multi-year high
After ending the previous week in negative territory, GBP/USD gains traction on Monday and trades near 1.3550. In case the US Dollar (USD) fails to stage a rebound, the pair could target the multi-year high it set at near 1.3600 in late May.
The USD stays under heavy bearish pressure to start the new week as markets turn cautious following the latest developments surrounding the US-China trade conflict. Read more...
GBP/USD rushes beyond 1.3500 as the US Dollar accelerates its reversal
The Pound is rallying at Monday’s London session opening times, favoured by an ailing US Dollar, which has reversed Friday’s gains following a new tariff threat by US President Trump and a fresh trade rift with China.
Investors are selling the US Dollar on Monday, wary that a 50% tariff on Aluminu¡ium and steel, as Trump announced on Friday, is likely to add strain on economic activity and boost inflationary pressures. Read more...
GBP/USD Weekly Outlook: Pound Sterling’s upside bias persists as traders brace for US NFP week
The Pound Sterling (GBP) set out on a corrective downside against the US Dollar (USD) after the GBP/USD pair hit the highest level since February 2022, just shy of the 1.3600 mark.
It was all about the US tariff headlines and the resultant USD price action that emerged as underlying factors behind the GBP/USD performance in the past week. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.