Pound Sterling Price News and Forecast: GBP/USD edges up as Trump loosens tech trade grip with China
|GBP/USD edges up as Trump loosens tech trade grip with China
GBP/USD registered minimal gains during the North American session after hitting a daily high of 1.3581, following a Wall Street Journal article suggesting that US President Donald Trump is granting maneuvering room to US Treasury Secretary Scott Bessent regarding tech sales and lift export controls on China. At the time of writing, the pair trades at 1.3532, up by 0.05%. Read More...
Pound Sterling trades mixed ahead of UK Employment data
The Pound Sterling (GBP) exhibits a mixed performance against its major peers at the start of a United Kingdom (UK) economic data-packed week. Investors will pay close attention to the UK employment data for the three months ending April and the monthly Gross Domestic Product (GDP) data for April, which are scheduled to be released on Tuesday and Thursday, respectively. Read More...
GBP/USD Price Forecast: Bullish outlook remains in play above 1.3550
The GBP/USD pair gains traction to around 1.3555 during the early European session on Monday, bolstered by a weaker US Dollar (USD). Trade uncertainty dampens sentiment among US businesses, prompting traders to reassess the Greenback's safe-haven status and act as a tailwind for the major pair. Traders await the UK employment data for fresh impetus, which is due later on Tuesday. Read More...
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