Pound Sterling Price News and Forecast: GBP/USD slumps against US Dollar as Trump threatens reciprocal tariffs

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Pound Sterling slumps against US Dollar as Trump threatens reciprocal tariffs

The Pound Sterling (GBP) slides to near 1.2630 against the US Dollar (USD) in North American trading hours on Thursday. The GBP/USD pair faces pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps higher slightly above 107.00 after threats of reciprocal tariffs from United States (US) President Donald Trump in the US opening session and upbeat US Durable Goods Orders data for January. Read More...

GBP/USD holds losses near 1.2650 as risk aversion intensifies, US Treasury yields climb

GBP/USD depreciates after two consecutive sessions of gains, trading around 1.2660 during Asian hours on Thursday. The pair loses ground as the US Dollar (USD) strengthens amid increased risk aversion and rising US Treasury yields. Read More...

GBP/USD runs out of bullish gas at key technical levels

GBP/USD briefly tested a fresh 10-week high on Wednesday, piercing 1.2700 for the first time since mid-December. However, souring risk sentiment took hold during the US market session, dragging Cable back down into near-term consolidation and keeping the pair chained south of the 200-day Exponential Moving Average (EMA). Read More...

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GBP/USD surges to multi-day peaks past 1.3250

GBP/USD leaves behind Friday’s small pullback and advances past 1.3250 level, or five-day highs, on Monday. Cable’s upside follows extra losses in the Greenback, while traders continue to assess the geopolitical front and upcoming key events.

EUR/USD picks up extra pace north of 1.1400

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Gold struggles to attract investors

Gold remains under marked selling pressure, holding on just above the key $4,000 mark per troy ounce at the beginning of the week. The precious metal reverses two daily advances in a row as renewed effervescence in the Middle East revive inflation concerns and bolster Fed rate hike expectations.

Strategy unveils plan allowing Bitcoin sales to fund stock buybacks, dividends and reserves

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Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.

Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of Sintra this week. The ECB Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Fed, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.