Pound Sterling Price News and Forecast: GBP gains against US Dollar

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Pound Sterling gains against US Dollar as Trump's tariff agenda seems less fearful

The Pound Sterling (GBP) gains to near 1.2500 against the US Dollar in Wednesday’s European session. The GBP/USD pair advances as the US Dollar gives up its initial weekly gains as it loses risk-premium after United States (US) President Donald Trump postponed tariffs on Canada and Mexico.

Market participants have interpreted this scenario as President Trump’s negotiation tactic to close better deals with his major trading partners. Trump called for an immediate suspension of 25% tariff orders on his North American peers after they agreed to cooperate on criminal enforcement. Read more...

GBP/USD Forecast: Pound Sterling could face next hurdle at 1.2530

After posting gains for two consecutive days, GBP/USD continues to stretch higher and trades at a new weekly high above 1.2500 on Wednesday. The technical outlook highlights a buildup of bullish momentum as market focus shifts to key macroeconomic data releases from the US.

The US Dollar (USD) weakened against its major rivals on Tuesday as the recovery seen in Wall Street's main indexes pointed to an improving risk mood. Moreover, the US Bureau of Labor Statistics announced that JOLTS Job Openings declined to 7.6 million in December, falling short of the market expectation of 8 million and putting additional weight on the USD's shoulders. Read more...

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EUR/USD struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold benefits from a retreating USD; reduced Fed rate cut bets cap gains

Gold attracts some buyers for the second consecutive day on Thursday amid a modest US Dollar pullback from an over three-month high, though it remains below the $5,200 mark. Wednesday's upbeat US macro data further tempered hopes for three rate cuts by the Fed in 2026. Furthermore, escalating Middle East tensions might continue to benefit the USD's status as the global reserve currency and contribute to capping the bullion.