Pound Sterling Price News and Forecast: GBP/USD remains vulnerable on broad USD strength

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GBP/USD Forecast: Pound Sterling remains vulnerable on broad USD strength

After posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400. The pair's technical outlook suggests that the bearish bias remains intact in the short term.

The US Dollar (USD) outperforms its rivals as fears over an economic downturn in the United States (US) ease. The European Union (EU) and the US announced over the weekend that they have reached a framework trade deal that sets a blanket 15% tariff on goods traded between them. Additionally, European Commission President Ursula von der Leyen noted that they will not impose retaliatory tariffs and said they will invest $600 billion in the US on top of existing expenditures. Read more...

GBP/USD Weekly Outlook: Pound Sterling recovery loses momentum ahead of a big week

The Pound Sterling (GBP) staged a solid comeback from two-month lows against the US Dollar (USD) before GBP/USD buyers ran into the 1.3600 hurdle.

Despite its retracement in the second half of the week, the GBP/USD pair closed the week with gains as the USD registered its biggest weekly drop in a month. Read more...

GBP/USD outlook: Under increased downside pressure

Cable remains under increased pressure and heads south for the second straight day (down 1% in two days). Persistent weakness in Britain’s business activity, increasing pace of cutting jobs and growing concerns about government’s finances, weigh heavily on sterling.

Pound accelerated sharply lower after repeated failure at strong technical resistance at 1.3576 (daily Kijun-sen / 50% retracement of 1.3788/1.3364 drop) with penetration of rising daily Ichimoku cloud (1.3476 – cloud top, reinforced by daily Tenkan-sen / 50% retracement of 1.3364/1.3588 recovery leg), adding to growing negative signals from MA’s being in bearish setup and strengthening negative momentum. Read more...

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EUR/USD appears supported by the 200-day SMA, for now

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold clings to gains as US-Iran conflict continues to underpin safe-haven assets

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar could keep the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.