Pound Sterling Price News and Forecast: GBP/USD climbs despite Trump’s auto tariffs

FXStreet Team FXStreet

GBP/USD climbs despite Trump’s auto tariffs, markets bet on UK exemption

The Pound Sterling (GBP) rises during the North American session against the Greenback even though US President Donald Trump enacted automotive tariffs on all cars made outside the United States (US). Initially, risk appetite deteriorated, but it has improved. Therefore, high-beta currencies like the Sterling advance, with GBP/USD trading near 1.2930, up 0.35%. Read More...

Pound Sterling outperforms USD despite Trump's auto tariffs

The Pound Sterling (GBP) recovers strongly to near 1.2965 against the US Dollar (USD) during North American trading hours on Thursday. The GBP/USD pair bounces back after a slight corrective move in the last five trading days from the four-month high of around 1.3000. The Cable rebounds as the US Dollar retraces even though United States (US) President Donald Trump has imposed 25% tariffs on all imports of automobiles and their components. Read More...

GBP/USD rises above 1.2900 as US yields decline, Q4 GDP Annualized report eyed

GBP/USD recovers its recent losses from the previous session, climbing to around 1.2910 during Thursday’s Asian session. The pair is strengthening as the US Dollar (USD) remains under pressure due to declining Treasury yields, with the 2-year and 10-year yields hovering at 4.0% and 4.34%, respectively. Market participants are closely monitoring upcoming US economic data, including weekly Initial Jobless Claims and the final Q4 Gross Domestic Product (GDP) Annualized report, set for release later in the day. Read More...

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FXStreet

EUR/USD remains offered near 1.1670

EUR/USD remains directionless on Thursday, hovering around the 1.1670 zone on the back of marginal gains in the Greenback following the release of weekly Initial Jobless Claims. Moving forward, caution is expected to dominate the sentiment ahead of Friday’s US NFP readings.

GBP/USD drops to three-day lows on USD buying

GBP/USD remains under pressure on Thursday, slipping to fresh three-day lows near 1.3430 and extending the pullback that started on Tuesday. Cable stays on the back foot as the US dollar edges maginally higher following key US data releases.

Gold meets support near $4,400

Gold remains on the back foot, down for the second day in a row and revisiting the $4,430 region per troy ounce on Thursday. The move lower in the precious metal comes in response to a better tone in the Greenback and the generalised recovery in US Treasury yields.

Pi Network flashes bearish potential as selling pressure mounts

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders. The technical outlook for the PI token remains bearish, with a risk of a cross below the 20-day Exponential Moving Average.

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