Pound Sterling Price News and Forecast: GBP/USD slips amid strong US Dollar, hawkish Fed tilt

FXStreet Team FXStreet

GBP/USD slips amid strong US Dollar, hawkish Fed tilt

The Pond Sterling (GBP) retreated after rallying for three consecutive days, dropping some 0.19% even though the United Kingdom's (UK) jobs data was solid. Meanwhile, a hawkish tilt by Federal Reserve (Fed) officials and United States (US) President Donald Trump's tariffs policies add to the uncertainty, underpinning the Greenback. GBP/USD trades at 1.2602. Read More...

Pound Sterling declines as BoE Bailey warns of weak growth environment

The Pound Sterling (GBP) gives up an upbeat United Kingdom (UK) labor market data-driven recovery against its major peers on Tuesday. The British currency falls back as Bank of England (BoE) Governor Andrew Bailey has reiterated his concerns over the economic outlook. Bailey said in an event hosted by Bruegel, in Brussels in Tuesday's European session that we (officials) are facing a "weak growth environment" in the UK and added that we are in a period of "heightened uncertainty". Read More...

GBP/USD drops to near 1.2600 ahead of UK labor market data

GBP/USD breaks its five-day winning streak, trading around 1.2600 during Tuesday's Asian session. Traders are awaiting UK employment data set to be released later in the day. The Claimant Count Change for January is expected to rise to 10K new unemployment benefit claimants, up from the previous 0.7K. The ILO Unemployment Rate is also forecast to increase to 4.5% from 4.4%. Read More...

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