Pound Sterling Price News and Forecast: GBP/USD outperforms

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Pound Sterling outperforms as investors digest Reeves' welfare cuts, Trump's auto tariffs

The Pound Sterling (GBP) trades higher against its major peers on Thursday. The British currency recovers most of Wednesday’s losses driven by a softer-than-expected United Kingdom (UK) Consumer Price Index (CPI) data for February and a reduction in welfare benefits announced by Chancellor Reeves in the Spring Statement.

The UK CPI report showed that inflationary pressures rose at a slower-than-expected pace due to moderate growth in clothing and footwear prices. The headline and the core CPI grew by 2.8% and 3.5% year-over-year, respectively. The Service inflation, which is closely tracked by Bank of England (BoE) officials, rose steadily by 5%. Cooling inflation bodes poorly for the Pound Sterling as it can drive BoE dovish bets. Read more...

GBP/USD Forecast: Pound Sterling remains fragile despite recent rebound

Following a two-day recovery, GBP/USD turned south and lost about 0.5% on Wednesday. After dipping below 1.2900, the pair managed to correct higher early Thursday.

Softer-than-expected inflation data weighed on Pound Sterling in the early European session on Wednesday. Later in the day, the UK's Office for Budget Responsibility announced that they revised down the Gross Domestic Product (GDP) growth forecast for 2025 to 1%, causing GBP/USD to stretch lower. Read more...

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EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.