Pound Sterling Price News and Forecast: GBP/USD slips near 1.3430 as Trump eases Greenland rhetoric

FXStreet Team FXStreet

GBP/USD slips near 1.3430 as Trump eases Greenland rhetoric

GBP/USD turns negative on the day following remarks by the US President Donald Trump in Davos who said that he would not use excessive force to get Greenland. At the time of writing, the pair traded at 1.3433, down 0.03%. Read More...

Pound Sterling underperforms even as UK inflation rises more than expected

The Pound Sterling (GBP) underperforms its major peers on Wednesday after the United Kingdom's (UK) Office for National Statistics (ONS) reported that inflation grew at a faster-than-projected pace in December. Read More...

GBP/USD holds gains near 1.3450 ahead of UK CPI data

GBP/USD remains in the positive territory for the third consecutive session, trading around 1.3430 during the Asian hours on Wednesday. The pair rises as the Pound Sterling (GBP) gains support following Tuesday’s release of UK employment data for the three months to November. Employment increased by 82K after a 17K contraction in the previous period. Read More...

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EUR/USD tests nine-day EMA support near 1.1850

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1870 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming steady momentum. RSI has eased but remains above 50, indicating momentum remains constructive for the bulls.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold recovers swiftly from weekly low, climbs back closer to $5,000 ahead of US CPI

Gold regains positive traction during the Asian session on Friday and recovers a part of the previous day's heavy losses to the $4,878-4,877 region, or the weekly low. The commodity has now moved back closer to the $5,000 psychological mark as traders keenly await the release of the US consumer inflation figures for more cues about the Federal Reserve's policy path.