Pound Sterling Price News and Forecast: GBP/USD continues to gain ground amid improved-risk on sentiment

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GBP/USD remains above 1.2400, eyes on tariff implementation on China

GBP/USD continues to gain ground for the second successive session, trading around 1.2430 during the Asian hours on Tuesday. The pair improved amid improved risk-on sentiment after US President Donald Trump announced late Monday that he would pause tariffs on Mexico and Canada.

However, market volatility remains a concern, with investors closely monitoring developments in ongoing tariff negotiations. President Trump stated that he would suspend steep tariffs on Mexico and Canada after their leaders agreed to deploy 10,000 soldiers to the US border to combat drug trafficking. The tariffs on Mexico and Canada have been postponed for at least 30 days. Read more...

GBP/USD whipsaws as tariffs come and go

GBP/USD sewered after a batch of fresh tariff threats from US President Donald Trump hit the markets, but plunges across global risk markets clawed back to recover ground after looming US tariffs on Canada and Mexico gave way to 30-day concessions from the Trump administration. Odds of US tariffs on the UK specifically remain limited, and Cable managed to rebound to the 1.2450 region at the tail-end of the Monday trading session.

The Bank of England (BoE) is set to give another rate call later this week, and markets are broadly pricing in another rate cut. The BoE’s Monetary Policy Committee (MPC) is expected to vote eight-to-one on cutting interest rates another quarter-point to 4.5%, with the one holdout expected to vote for holding rates steady for another meeting. Read more...

GBP/USD spins in a giant circle on Monday

GBP/USD roiled on Monday, tumbling 1.5% during the overnight session before recovering back to flat for the day at the 1.2400 handle. Import tariffs from the US brewing into a large-scale global trade war hobbled market sentiment over the weekend.

The US was geared up to impose sweeping import tariffs of 25% on Canada and Mexico, as well as an additional 10% on China, with US President Donald Trump promising to add an additional 10% levy on goods imported from the EU. However, Mexico was able to obtain a one-month reprieve from the US' tariffs, leading investors to hope that the majority of global tariffs will able to be averted by countries acquiescing to whatever Trump demands in exchange for easing tariffs. Donald Trump specifically voiced a desire for "rare earth metals" agreements from Ukraine in exchange for the US' continued help with the Russian invasion, as well as re-floating taking control of the Panama Canal, which is currently owned and controlled by the country of Panama. Read more...

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FXStreet Team

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GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.