Pound Sterling Price News and Forecast: GBP/USD pair faces pressure

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Pound Sterling underperforms US Dollar as Trump's fresh tariffs dampen market mood

The Pound Sterling (GBP) extends its downside move to near 1.2570 against the US Dollar (USD) in Friday’s European session. The GBP/USD pair faces pressure as the US Dollar gains further amid a risk-off market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, moves higher to 107.45.

Market participants are cautious as President Donald Trump has announced more levies on China and provided more clarification on the timeline for 25% import duties on Canada and Mexico and reciprocal tariffs. Read more...

GBP/USD Forecast: Pound Sterling could struggle to gather bullish momentum

GBP/USD seems to have entered a consolidation phase near 1.2600 after losing more than 0.5% on Thursday as investors move to the sidelines while waiting for January inflation data from the US.

The US Dollar (USD) benefited from safe-haven flows in the American session on Thursday and gathered strength against its major rivals. Read more...

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD struggles to hold above 1.1400 as Middle East tensions escalate

GBP/USD pulls away from the three-week high it set above 1.3430 and trades slightly below 1.3400 in the second half of the day on Thursday. While fading political uncertainty in the UK helps British Pound limit its losses, escalating tensions in the Middle East make it difficult for the pair to gain traction.

EUR/USD retreats from session highs, holds above 1.1400

EUR/USD struggles to preserve its bullish momentum after climbing to the 1.1450 area earlier in the day and declines toward 1.1400. Escalating tensions in the Middle East cause investors to adopt a cautious stance, supporting the USD and limiting the pair's upside in the near term.

Gold rebounds to $4,100 but struggles to gather momentum

Gold manages to stage a rebound and clings to modest daily gains near $4,100 following a three-day slide. With Middle East hostilities reviving fears of high global inflation, which could cause major central banks to refrain from easing monetary conditions, XAU/USD finds it difficult to gather momentum.

Bitcoin stalls as mixed ETF flows, renewed US-Iran tensions cap upside

Bitcoin trades at $63,000 on Thursday, recovering slightly after facing rejection near $64,000. Renewed geopolitical uncertainty has dampened risk appetite, limiting BTC upside potential.

Japan may be changing its Yen strategy, but markets don’t look scared

Japan may be changing its intervention playbook, but that might not be enough to rescue the battered Yen. With USD/JPY hovering at four-decade highs, the currency’s weakness is being driven less by speculative pressure and more by a powerful structural force: the wide US-Japan rate gap.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.