Pound Sterling Price News and Forecast: GBP/USD declines on disappointing data, tumbles to 1.2500

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GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500

The Pound Sterling extends its losses against the Greenback for the third straight day, is down 0.47% after UK Flash PMIs and Retail Sales data disappointed investors. This and heightened geopolitical tensions due to Russia-Ukraine and Middle East conflicts, bolstered the American currency. At the time of writing, the GBP/USD trades at 1.2529 after hitting a daily high of 1.2594. Read More...

Pound Sterling hits hard by decline in UK Retail Sales, flash PMI

The Pound Sterling (GBP) weakens against a majority of its peers, except the Euro (EUR), as the United Kingdom (UK) flash S&P Global/CIPS Purchasing Managers’ Index (PMI) data for November surprisingly declined and the Retail Sales data for October contracted at a faster-than-expected pace. Read More...

GBP/USD falls to six-month lows near 1.2550 ahead of PMI figures from both economies

GBP/USD extends its losses for the third successive session, trading around 1.2580 during the Asian hours on Friday. This downside is attributed to the stronger US Dollar (USD) as traders continued to evaluate the Federal Reserve's (Fed) monetary policy outlook following the unexpected drop in US Initial Jobless Claims. Read More...

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EUR/USD weakens below 1.1700 as Middle East tensions drive US Dollar strength

The EUR/USD pair trades with mild losses around 1.1685, the lowest since late January, during the early Asian session on Tuesday. The US Dollar gathers strength against the Euro as escalating tensions in the Middle East boost safe-haven currencies. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone will be published later on Tuesday.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold defends bids as US-Iran war continues to fuel safe-haven flows

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar keeps the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.