Pound Sterling Price News and Forecast: GBP/USD pulls back towards 1.34

FXStreet Team FXStreet

GBP/USD pulls back towards 1.34 as Trump softens China rhetoric, US Dollar recovers

The GBP/USD pair retreats on Friday after hitting its highest level in a week of 1.3471 after US President Donald Trump stated that elevated tariffs on China are "not sustainable." Consequently, the Greenback printed gains as reflected by the pair, trading above the 1.3415 handle, down 0.12% on the day. Read More...

Pound Sterling trades lower due to escalating BoE dovish expectations

The Pound Sterling (GBP) trades flat around 1.3470 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair flattens even as the US Dollar Index (DXY) faces selling pressure, suggesting weakness in the British currency. Read More...

GBP/USD Price Forecast: Stands firm near mid-1.3400s, seems poised to climb further

The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week. Spot prices currently trade around mid-1.3400s, or a one-and-a-half-week high touched on Thursday amid a broadly weaker US Dollar (USD), though the intraday uptick lacks bullish conviction. Read More...

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