Pound Sterling Price News and Forecast: GBP/USD climbs above 1.2400 as US Dollar weakens on tariff woes

FXStreet Team FXStreet

GBP/USD climbs above 1.2400 as US Dollar weakens on tariff woes

The British Pound (GBP) resumed its uptrend early on Tuesday morning following the latest United States (US) President Donald Trump tariff round, which included base metals like aluminum and steel. The Greenback weakened, as seen by the GBP/USD pair trading above 1.2400, gaining 0.31%. Read More...

Pound Sterling gains despite BoE Mann seems worried about UK demand outlook

The Pound Sterling (GBP) outperforms its major peers in North American trading hours on Tuesday despite Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann's dovish commentary on the interest rate guidance in an interview with Financial Times (FT) earlier in the day. Read More...

GBP/USD extends losses to near 1.2350 amid risk-off mood following Trump’s tariffs

GBP/USD continues its downward trend for the fourth consecutive day, trading near 1.2350 during Asian hours on Tuesday. The pair weakens amid escalating trade tensions after US President Donald Trump imposed a flat 25% tariff on steel and aluminum imports on Monday, removing all exemptions and nullifying previous trade agreements with key United States’ (US) allies. The move is intended to support struggling domestic industries but increases the risk of a broader trade conflict. Read More...

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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