Pound Sterling Price News and Forecast: GBP/USD firms as US CPI countdown tests USD bulls

British Pound firms as US CPI countdown tests USD bulls

The Pound Sterling gains 0.31% on Tuesday as the Greenback trims some of its earlier losses, amid risk appetite souring and traders waiting for the release of US inflation figures and tensions in the Middle East, tempered by US President Trump's demand on Israel and Iran. The GBP/USD trades at 1.3384 after bottoming near 1.3330. Read More...

British Pound edges higher on weaker Dollar as UK political, growth risks cap gains

GBP/USD trades around 1.3390 on Tuesday at the time of writing, up 0.42% on the day, mainly benefiting from a weaker US Dollar (USD) following confirmation that direct attacks between Israel and Iran have ceased. The easing geopolitical backdrop reduces demand for safe-haven assets and weighs on the Greenback, providing support for the pair. Read More...

British Pound consolidates around mid-1.3300s vs USD; upside potential seems limited

The GBP/USD pair struggles to capitalize on the previous day's modest bounce from the 1.3300 neighborhood, or over a three-week low, and seesaws between tepid gains/minor losses during the Asian session on Tuesday. Spot prices currently trade around mid-1.3300s amid a softer US Dollar (USD), though the fundamental backdrop warrants some caution before positioning for any meaningful appreciation. Read More...