Pound Sterling Price News and Forecast: GBP/USD falls back as weak UK labor data stokes BoE dovish bets
|Pound Sterling falls back as weak UK labor data stokes BoE dovish bets
The Pound Sterling (GBP) surrenders its marginal gains against its major peers on Tuesday in the aftermath of the United Kingdom (UK) labor market data for three months ending November. The initial reaction from the British currency was positive after the Office for National Statistics (ONS) showed that the wage growth accelerated, with Average Earnings Excluding Bonus rising at a robust pace of 5.6%, faster than estimates of 5.5% and the former 5.2%. Read More...
GBP/USD falls to near 1.2300 as traders adopt caution ahead of Trump’s economic policies
GBP/USD loses ground after registering more than 1% gains in the previous session, trading around 1.2300 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) regained ground after recent losses in the previous session, supported by news that President Donald Trump intends to direct federal agencies to review tariff policies and evaluate the United States' trade relationships with Canada, Mexico, and China. Read More...
GBP/USD gains ground ahead of UK labor figures
GBP/USD rose 1.35% on Monday, gaining ground and climbing back over the 1.2300 handle as markets breathe a collective sigh of relief after freshly-minted US President Donald Trump made a last-minute pivot away from a broad, sweeping policy of day-one trade tariffs. Back for a second term, Donald Trump is still actively pursuing a policy of reviewing trade circumstances with most of the US’ strongest allies in trade terms, however the returning president has already begun waffling on his campaign promises to use executive orders to apply tariffs of at least 20% across the board, with a 65% import tariff threatened against China specifically. Read More...
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