Pound Sterling Price News and Forecast: GBP nosedives as Trump wins US presidential elections

FXStreet Team FXStreet

Pound Sterling nosedives as Trump wins US presidential elections

The Pound Sterling (GBP) plummets to near 1.2850 against the US Dollar (USD) in London trading hours on Wednesday. The GBP/USD pair faces an intense sell-off as investors rush to the so-called ‘Trump trades’, with Republican candidate Donald Trump winning the United States (US) presidential election over Democratic rival Kamala Harris.

According to the Associated Press, Trump has been elected as the 47th President of the US after he cleared the 270 seats hurdle after winning in the key battleground state of Wisconsin. Read more...

GBP/USD Forecast: Pound Sterling struggles to rebound as US election fuels USD rally

GBP/USD declined sharply early Wednesday as the US Dollar (USD) gathered strength on developments surrounding the US presidential election. The pair managed to stage a rebound in the European morning and was last seen trading near 1.2900.

Once news outlets started calling Georgia and North Carolina for Donald Trump, two battleground states Republicans lost in the previous election, the USD gathered bullish momentum. In the early European session, Pennsylvania, another swing state that was seen as Kamala Harris' last chance to turn the election around, went to Trump, all but officially confirming his victory. Read more...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD bounces toward 1.1750 as US Dollar loses strength

EUR/USD returned to the 1.1750 price zone in the American session on Friday, despite falling Wall Street, which indicates risk aversion. Trading conditions remain thin following the New Year holiday and ahead of the weekend, with the focus shifting to US employment and European data scheduled for next week.

GBP/USD nears 1.3500, holds within familiar levels

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades with modest intraday gains at around 1.3490 as market participants remain in holiday mood.

Gold trims intraday gains, approaches $4,300

Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).