Pound Sterling Price News and Forecast: GBP/USD slips as war-driven PPI fuels US Dollar rebound

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British Pound slips as war-driven PPI fuels US Dollar rebound

The Pound Sterling registers losses of 0.19% on Thursday after the latest US inflation report reflected the impact of the Iran war on energy prices, while an escalation of hostilities between Washington and Tehran triggered a recovery in oil prices. The GBP/USD trades at 1.3330 after peaking at 1.3391. Read More...

British Pound trades with caution ahead of UK monthly GDP data

The British Pound (GBP) trades cautiously against its major currency peers during the European trading session on Thursday, down 0.1% to near 1.3350 against the US Dollar (USD). The British currency is marginally down ahead of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for April, which will be released on Friday. Read More...

British Pound nudges higher above 1.3350 despite rising Fed hike bets

The GBP/USD pair gathers strength to around 1.3385 during the Asian trading hours on Thursday. However, the potential upside might be limited amid rising expectations for higher-for-longer US interest rates. Markets might turn cautious later in the day ahead of the US Producer Price Index (PPI) report. Read More...

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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.

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GBP/USD extends slide below 1.3350 on renewed USD demand

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