Pound Sterling Price News and Forecast: GBP/USD slips as Trump’s tariffs roil FX markets, CPI data looms

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GBP/USD slips as Trump’s tariffs roil FX markets, CPI data looms

The Pound Sterling (GBP) retreats by 0.18% during the North American session as the US Dollar (USD) recovers following US President Donald Trump's wave of tariffs that included the European Union (EU) and Mexico. Although initially triggering a risk-off reaction, sentiment shifted positively in equities but not in the FX space. GBP/USD trades at 1.3453 at the time of writing. Read More...

Pound Sterling trades lower against US Dollar, US-UK CPI data comes into focus

The Pound Sterling (GBP) slides to near 1.3450 against the US Dollar (USD) during the European trading session on Monday, the lowest level in three weeks. The GBP/USD pair declines as demand for risk-perceived assets has diminished, following a jittery market mood amid trade tensions between the United States (US) and the European Union (EU). Read More...

GBP/USD holds steady around 1.3500; seems vulnerable near multi-week low

The GBP/USD pair enters a bearish consolidation phase during the Asian session and oscillates in a narrow band around the 1.3500 psychological mark, just a few pips above a three-week low touched on Friday. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside. Read More...

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EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold benefits from a retreating USD; reduced Fed rate cut bets cap gains

Gold attracts some buyers for the second consecutive day on Thursday amid a modest US Dollar pullback from an over three-month high, though it remains below the $5,200 mark. Wednesday's upbeat US macro data further tempered hopes for three rate cuts by the Fed in 2026. Furthermore, escalating Middle East tensions might continue to benefit the USD's status as the global reserve currency and contribute to capping the bullion.