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

FXStreet Team FXStreet

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...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.