Pound Sterling Price News and Forecast: GBP/USD continues to cycle familiar technical levels near 1.3000

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GBP/USD treads water as markets await tariff blowback

GBP/USD churned chart paper in familiar territory on Monday, grinding out a familiar congestion zone as investors brace for the latest iteration of US President Donald Trump’s tariff threats. The Trump administration is set to enact a wide catalogue of tariffs on functionally all of the US’s trading partners beginning on April 2.

The specific details of the Trump administration’s tariff plans for this week remain fuzzy and elusive, but prominent tariff threats remain “reciprocal” tariffs on every country that have their own import tariffs on US goods, regardless of the economic context. Further retaliatory tariffs on Canada and the European Union are also expected, with additional flat tariffs proposed on Copper and automobiles across the board. Read more...

GBP/USD dips as trade war tensions mount ahead of US tariff Liberation Day

The Pound Sterling (GBP) loses ground versus the US Dollar (USD) as US Liberation Day approaches on Wednesday, when President Donald Trump is expected to announce additional tariffs to the ones already enacted since March 2. At the time of writing, GBP/USD trades at 1.2911, down 0.17%.

The escalation of the trade war has led investors to ditch riskier assets. Wall Street registers substantial losses on Monday, a reflection of a dismal market mood as US equities are set to finish their worst quarter compared to the rest of the world since the 1980s, revealed Bloomberg. Read more...

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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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.