Pound Sterling Price News and Forecast: GBP rises vs. USD, struggles against other peers

FXStreet Team FXStreet

Pound Sterling rises vs. USD, struggles against other peers

The Pound Sterling (GBP) bounces back to near 1.3320 against the US Dollar (USD) on Friday after a three-day correction. The GBP/USD pair gains as the US Dollar retraces ahead of the United States (US) Nonfarm Payrolls (NFP) data for April, which will be published at 12:30 GMT. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, corrects to near 99.85 from an over two-week high of 100.38.

Investors will pay close attention to the US official employment data as it will indicate to what extent the tariff policy by President Donald Trump has impacted the job growth. The labor market data will also influence market expectations for the Federal Reserve’s (Fed) monetary policy outlook. Read more...

GBP/USD Forecast: Pound Sterling buyers remain uninterested ahead of US employment data

GBP/USD staged a rebound early Friday but failed to stabilize above 1.3300 after posting losses for the third consecutive day on Thursday. The technical outlook points to a bearish bias in the near term as markets gear for the US employment data releases.

The improving risk mood helped the US Dollar (USD) hold its ground on Thursday, causing GBP/USD to continue to push lower. China's Commerce Ministry stated that they will assess negotiations with the US after the US has taken the initiative to convey that they are willing to talk on trade. Read more...

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EUR/USD looks to regain the 200-day SMA

EUR/USD regains some balance and trade just above 1.1600 the figure ahead of the opening bell in Asia. The pair initially dipped to the 1.1530 zone for the first time since November, always following the stronger US Dollar and the marked flight-to-safety in the context of the ongoing Middle East crisis

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold falls to near $5,100 as inflation fears weigh amidst Middle East conflict

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