GBP/USD slumps as Trump’s tariff talk overpowers US PCE data
The Pound Sterling extended its losses for the second consecutive day as US President Donald Trump tariffs rhetoric sent ripples across the financial markets. Therefore, the Greenback remains bid, as economic data takes the backseat. The GBP/USD trades at 1.2398, down 0.16%. Read More...
Pound Sterling edges lower against USD as Trump's agenda threatens global economic growth
The Pound Sterling (GBP) ticks lower against the US Dollar (USD) in Friday’s North American session but holds the key support of 1.2400. The GBP/USD pair remains subdued as the US Dollar’s safe-haven demand has strengthened after United States (US) President Donald Trump reiterated his intentions to impose 25% tariffs on Canada and Mexico from Saturday and 100% on BRICS if they try to replace the US Dollar with a new currency in international trade. Read More...
GBP/USD falls to near 1.2400 due to risk-off sentiment following Trump tariff threats
GBP/USD continues its losing streak for the fourth successive session, trading around 1.2420 during the Asian hours on Friday. This downside is attributed to the improved US Dollar (USD) amid increased risk aversion following renewed tariff threats from US President Donald Trump. Read More...
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EUR/USD fluctuates in a tight channel slightly below 1.0800 in the European session on Tuesday. The data from Germany showed that the IFO - Business Climate improved less than expected in March. In the second half of the day, consumer sentiment data from the US will be watched closely.
GBP/USD trades with caution above 1.2900, with eyes on tariffs, geopolitics
GBP/USD treads water above 1.2900 in Tuesday’s European session. The pair struggles amid a downbeat market mood as trades turn cautious amid a lack of clarity on US tariffs, anticipating the outcome of the US-Rusisa talks on Ukraine peace deal. US data and Fedspeak are also in focus.
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Seven Fundamentals for the Week: Tariff news, fresh surveys, the Fed's preferred inflation gauge are eyed Premium
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