Pound Sterling Price News and Forecast: GBP/USD falls amid UK political uncertainty and hot US PMI

FXStreet Team FXStreet

British Pound falls amid UK political uncertainty and hot US PMI

The Pound Sterling (GBP) dives over 0.40% on Tuesday as risk appetite shifts sour, as the recently sworn-in MP Andy Burnham prepares to succeed Prime Minister Keir Starmer, who lasted two years at the job. At the time of writing, GBP/USD trades at 1.3195, after reaching a daily high of 1.3257. Read More...

British Pound sticks to intraday losses vs bullish USD after downbeat UK PMIs

The GBP/USD pair adds to its modest intraday losses and touches a fresh daily low, around the 1.3215-1.3210 region during the first half of the European session. Moreover, the fundamental backdrop seems tilted in favor of bearish traders and suggests that the path of least resistance for spot prices remains to the downside. Read More...

British Pound weakens below 1.3250 as UK Prime Minister Keir Starmer resigns

The GBP/USD pair loses ground to near 1.3245 during the early Asian trading hours on Tuesday. Political uncertainty in the United Kingdom (UK) continues to weigh on the British Pound (GBP) against the US Dollar (USD). The preliminary readings of the S&P Global Purchasing Managers Index (PMI) from both the US and the UK are due later on Tuesday. Read More...

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