Pound Sterling Price News and Forecast: GBP/USD holds gains amid soft US Dollar on tariff fallout

FXStreet Team FXStreet

GBP/USD holds gains amid soft US Dollar on tariff fallout

The Pound Sterling (GBP) clings to early gains, extending its advance to two days versus the US Dollar (USD) as tariffs enacted by United States (US) President Donald Trump against Mexico, Canada, and China come into effect. Although the market is risk-averse, traders punish the Greenback as the economic outlook darkens. The GBP/USD pair is trading at 1.2708, up 0.08%. Read More...

Pound Sterling strengthens against US Dollar despite global trade war intensifies

The Pound Sterling (GBP) posts a fresh two-and-a-half month high around 1.2750 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair strengthens as the US Dollar extends its downside despite an intensifying global trade war. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slides below 106.00. Technically, heightening geopolitical tensions improves the appeal of the US Dollar. Read More...

GBP/USD Price Forecast: Hovers below 1.2700 barrier near three-month highs

The GBP/USD pair edges lower after registering gains in the previous session, hovering around 1.2680 during Tuesday’s Asian hours. Technical analysis of the daily chart suggests a continued bullish bias, with the pair maintaining its position within an ascending channel pattern. Read More...

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