Pound Sterling Price News and Forecast: GBP/USD weakens to around 1.3425
|GBP/USD declines below 1.3450 ahead of BoE’s Ramsden speech
The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured by a modest rebound of US Dollar (USD). Investors await a speech by Bank of England (BoE) official Dave Ramsden for fresh impetus.
The Greenback strengthens against the Pound Sterling (GBP) as the fears of trade tensions ease. China exempted some US imports from its 125% tariffs on Friday, raising hopes that the trade war between the US and China is nearing an end, although China quickly knocked down US President Donald Trump's assertion that trade talks between the two countries were underway. Read more...
GBP/USD rallies and hovers near 1.3400 amid US Dollar weakness
The Pound Sterling begins the week positively set to end April strong, is up 0.65% as the Greenback continues to weaken and risk appetite improves. At the time of writing, the GBP/USD trades near 1.3400 after bouncing off daily lows of 1.3279.
Wall Street trades with gains, a headwind for the appetite for haven assets like the US Dollar. A scarce economic docket in the US and Federal Reserve officials entering the blackout period ahead of the May meeting keep traders leaning toward the release of UK data. The CBI in the UK revealed that Retail Sales in April came negatively yet improved from -41 in March to -8, its highest reading since October. 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.