Pound Sterling Price News and Forecast: GBP/USD climbs as tariff relief boosts market mood, all eyes on UK CPI

FXStreet Team FXStreet

GBP/USD climbs as tariff relief boosts market mood, all eyes on UK CPI

The Pound Sterling advances against the US Dollar on Tuesday due to an upbeat market mood, as traders are relieved of US reciprocal tariffs, which are expected to be targeted on some of the US trading partners. This weakened the Greenback as seen by the GBP/USD trading at 1.2950, up 0.22%. Read More...

Pound Sterling trades cautiously ahead of UK Spring Statement

The Pound Sterling (GBP) trades cautiously against its major peers on Tuesday. The British currency struggles as United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves is prepared to unveil the Spring Statement on Wednesday. Read More...

GBP/USD holds steady above 1.2900 due to a technical pullback in US Dollar

GBP/USD remains stable around 1.2920 during Tuesday’s Asian session after gains in the previous session. However, the pair holds ground amid a downward correction in the US Dollar (USD). The Greenback strengthened, supported by robust S&P Services PMI data and cautious remarks from Federal Reserve officials. Read More...

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EUR/USD holds around 1.1750 after weak German and EU PMI data

EUR/USD maintains its range trade at around 1.1750 in European trading on Tuesday. Weaker-than-expected December PMI data from Germany and the Eurozone make it difficult for the Euro to find demand, while investors refrain from taking large USD positions ahead of key employment data.

GBP/USD remains below 1.3400 after mixed UK labor data

GBP/USD is trading around a flat line below 1.3400 in the European session on Tuesday. The UK ILO Unemployment Rate rose to 5.1% in the quarter to October, meeting expectations, while the pay growth cooled down sligthly in the same period, doing little to affect the Pound Sterling.

Gold retreats from seven week highs on profit-taking; all eyes on US NFP release

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