Pound Sterling Price News and Forecast: GBP/USD rises as Burnham reassures, Starmer pressure mounts

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British Pound rises as Burnham reassures, Starmer pressure mounts

The British Pound (GBP) extends its gains on Monday as political pressure over Prime Minister Keir Starmer increases. At the same time, Andy Burnham, the challenger to succeed Starmer, ruled out changing Chancellor Rachel Reeves’ fiscal rules if he becomes PM. The GBP/USD pair trades at 1.3414 after testing multi-week lows of 1.3302. Read More...

British Pound bounces up nearing 1.3400 on rumours about US-Iran peace talks

The British Pound (GBP) is trading higher against the US Dollar (USD) on Monday, to pare losses from a four-day sell-off. The pair is trading above 1.3350 at the time of writing, after bouncing from six-week lows at 1.3302 earlier in the day, as rumours of ongoing peace talks between the US and Iran have hit the safe-haven USD. Read More...

British Pound recovers from over one-week low vs weaker JPY; GBP/JPY retakes 212.00

The GBP/JPY cross stages a modest recovery from a one-and-a-half-week trough, set earlier this Monday, and retakes the 212.00 mark during the early European session. Spot prices, for now, seem to have snapped a two-day losing streak, with bulls now looking to conquer the 100-day Simple Moving Average (SMA) support breakpoint amid a combination of supporting factors. Read More...

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