Pound Sterling Price News and Forecast: GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders

FXStreet Team FXStreet

GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders

The rally in the Pound Sterling stalled after sustaining three straight days of gains. It remains firmly below 1.2900 after hitting a year-to-date (YTD) peak of 1.2923. At the time of writing, the GBP/USD trades at 1.2885 and registers minuscule losses of 0.06%. Read More...

Pound Sterling clings to gains against US Dollar amid easing Trump tariff fears

The Pound Sterling (GBP) clings to gains near 1.2900 against the US Dollar (USD) in North American trading hours on Thursday. The GBP/USD pair exhibits strength as the risk premium of the US Dollar has diminished significantly, with investors expecting the United States (US) President Donald Trump’s tariff agenda to be less fearful than what they had projected earlier. Read More...

GBP/USD hovers around 1.2900, upside seems possible due to risk-on sentiment

GBP/USD edges lower after registering gains for the last three consecutive days, trading around 1.2890 during the Asian hours on Thursday. The US Dollar remains under pressure following weaker-than-expected US private payroll data, raising concerns about slowing economic momentum in the United States (US). Additionally, improved risk sentiment puts downward pressure on the Greenback, driven by another shift in US President Donald Trump’s tariff strategy. Read More...

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