Pound Sterling Price News and Forecast: GBP/USD climbs past 1.2950

FXStreet Team FXStreet

GBP/USD climbs past 1.2950 as traders brace for Trump’s tariff announcement

The Pound Sterling (GBP) advances early during the North American session against the US Dollar (USD) as traders await United States (US) President Donald Trump's tariff announcement, which could potentially spur a global economic slowdown. At the time of writing, GBP/USD trades at 1.2950, up 0.22%. Read More...

Pound Sterling rises against US Dollar while investors await Trump's tariff plan

The Pound Sterling (GBP) rises to near around 1.2950 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair gains as the US Dollar faces selling pressure ahead of the release of a detailed reciprocal tariff plan by United States (US) President Donald Trump later in the day. The US Dollar Index (DXY), which gauges the Greenback's value against six major peers, drops to near 104.00. Read More...

GBP/USD flat lines above 1.2900 mark as traders await Trump’s tariffs announcement

The GBP/USD pair struggles to capitalize on the overnight bounce from the vicinity of the 1.2870 support zone, or a multi-week low touched last Thursday, and oscillates in a narrow band during the Asian session on Wednesday. Spot prices currently trade around the 1.2915-1.2920 region, nearly unchanged for the day, as traders keenly await US President Donald Trump's reciprocal tariffs announcement before placing fresh directional bets. 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 attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold bounces off lows, back above $5,100

Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors' repricing of Fed rate cuts.