|

Pound Sterling Price News and Forecast: GBP/USD rises as US Supreme Court blocks Trump tariffs

GBP/USD rises as US Supreme Court blocks Trump tariffs

The GBP/USD edges higher over 0.23% after the US Supreme Court ruled against President Donald Trump’s tariffs enacted under a a law meant for use in national emergencies. This and a softer than expected Gross Domestic Product report in the US weighed on the Dollar. The pair trades at 1.3494 at the time of writing. Read More...

Pound Sterling ticks up against USD after UK flash PMI, Retail Sales data, US Q4 GDP eyed

The Pound Sterling (GBP) edges higher to near 1.3470 against the US Dollar (USD) during the European trading session on Friday after recovering earlier losses. The GBP/USD pair ticks up as the Pound Sterling trades higher after the release of the upbeat United Kingdom (UK) Retail Sales data for January and the preliminary S&P Global Purchasing Managers’ Index (PMI) data for February. Read More...

GBP/USD Price Forecast: Recovers early losses after strong UK Retail Sales data

The Pound Sterling (GBP) claws back its early losses and flattens around 1.3460 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair attracts bids after the release of the United Kingdom (UK) Retail Sales data for January. Read More...

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

AUD/USD trims some losses, bounces back to 0.7150

AUD/USD has traded on the back foot on Monday, coming close to the 0.7100 mark before rebounding toward the 0.7150 region ahead of the opening bell in Asia. The Greenback’s solid performance has kept the risk complex under pressure, sending the Aussie to fresh monthly lows on the back of rising bets for a Fed rate hike this week. on Tuesday, investors are now expected to closely follow key data releases in China.


USD/JPY: Japanese Yen edges lower vs USD amid Middle East jitters as Fed, BoJ meetings loom

The USD/JPY pair attracts some buyers at the start of a new week and climbs closer to the 154.00 mark during the Asian session, reversing a part of Friday's losses. Spot prices, however, remain confined in a range held over the past week or so and within striking distance of a nearly seven-month low, touched last Tuesday, as traders await this week's key central bank events.


Gold retests $4,300; USD losses momentum

Gold picks up fresh upside traction and challenges the key $4,300 mark per troy ounce on Monday. The yellow metal, however, remain on the back foot on the back of marked gains in the US Dollar and rising US Treasury yields across the curve.

JasmyCoin: Upbit delisting raises risk of further losses

JasmyCoin shows signs of stability at the time of writing on Monday. However, the token remains constrained between support at $0.0035 and resistance at $0.0040. Since May, its technical structure has continued to deteriorate, with the price falling from highs of $0.0078. JASMY’s outlook suggests that bears have the upper hand as bulls fight to defend key support levels.

Will the Fed deliver the hawkishness markets are pricing in?

Fed hike bets increase after PPI and CPI reports. Updated dot plot to be crucial for the dollar’s reaction. Warsh’s independence faces test amid Trump’s pressure for lower rates. For the Dollar to extend gains, Fed needs to satisfy current hawkish bets.


Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight
The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.