Pound Sterling Price News and Forecast: GBP/USD rebounds as Trump, Bessent stoke tariff deal hopes
|GBP/USD rebounds as Trump, Bessent stoke tariff deal hopes
The Pound Sterling (GBP) is recovering some ground against the Greenback on Tuesday, edging up 0.34% amid renewed hopes that tariffs are indeed used as negotiation tools, as United States (US) President Donald Trump said that “many, many, countries are coming to negotiate deals with us.” At the time of writing, the GBP/USD trades at 1.2756 after bouncing off daily lows around 1.2700. Read More...
Pound Sterling recovers against US Dollar on US recession fears
The Pound Sterling (GBP) bounces back to near 1.2800 against the US Dollar (USD) in Tuesday’s North American session from the monthly low of 1.2707 posted on Monday. The GBP/USD pair recovers as the US Dollar resumes its downside move after a short-lived recovery in the last two trading days. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, tumbles to near 103.00. Read More...
GBP/USD extends backslide as safe haven trade resumes
GBP/USD sank again on Monday, extending Cable into a second straight trading day of declines and pushing bids back down to the 200-day Exponential Moving Average (EMA) just north of 1.2700. After a brief reprieve, The US Dollar has resumed dominating risk-off flows, with deflating investor sentiment bolstering the Greenback across the board. Read More...
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