Pound Sterling Price News and Forecast: GBP/USD sets trading range before next breakout

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling sets trading range before next breakout

GBP/USD managed to rebound from the multi-day low it set early Thursday and ended the day with small gains. The pair struggles to gather directional momentum early Friday and trades in a narrow band below 1.3500.

The US Dollar (USD) failed to preserve its strength on Thursday as the Court of Appeals for the Federal Circuit decided to reinstate US President Donald Trump's reciprocal tariffs, which were blocked by the Court of International Trade on Wednesday. Read more...

GBP/USD Forecast: Pound Sterling could extend slide if 1.3380-1.3370 support fails

After closing the second consecutive day in negative territory on Wednesday, GBP/USD extended its slide in the Asian session on Thursday and touched its lowest level in six days below 1.3420. The pair staged a rebound in the early European session and was last seen trading little changed on the day above 1.3450.

The improving sentiment around the United States (US) economic outlook boosted the US Dollar and caused GBP/USD to stretch lower. Read more...

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FXStreet Team

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