Pound Sterling Price News and Forecast: GBP/USD trades cautiously as Trump-Starmer meet looms large
|Pound Sterling trades cautiously as Trump-Starmer meet looms large
The Pound Sterling (GBP) trades with caution against its major peers on Thursday as investors await the outcome of United Kingdom (UK) Prime Minister Keir Starmer’s meeting with US President Donald Trump on Thursday. Starmer is expected to negotiate on trade policies between both nations.
Investors will pay close attention to Trump-Starmer’s meeting, given that the UK is the fifth largest trading partner of the US after Canada, Mexico, China, and Germany, according to data from the US Bureau of Economic Analysis (BEA). Read more...
GBP/USD Forecast: Pound Sterling holds above key technical level
GBP/USD climbed above 1.2700 for the first time in over two months on Wednesday but erased a large portion of its daily gains to close marginally higher. The pair stays in a consolidation phase and trades above 1.2650 in the European session on Thursday.
The US Dollar (USD) benefited from the risk-averse market atmosphere in the American session on Wednesday and caused GBP/USD to edge lower. The uncertainty surrounding US President Donald Trump's trade policy forced investors to adopt a cautious stance midweek. Trump said that they are planning to impose tariffs on European imports. Although he noted that they will share details on EU tariffs soon, he explained that they are planning to impose 25% tariffs on autos and some other goods. 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.