Pound Sterling Price News and Forecast: GBP/USD spins in a giant circle on Monday

FXStreet Team FXStreet

GBP/USD spins in a giant circle on Monday

GBP/USD roiled on Monday, tumbling 1.5% during the overnight session before recovering back to flat for the day at the 1.2400 handle. Import tariffs from the US brewing into a large-scale global trade war hobbled market sentiment over the weekend. Read More...

Pound Sterling outperforms risky peers as US Trump seems unenthusiatic for tariffs on UK

The Pound Sterling (GBP) outperforms its major peers, except safe-haven assets such as the US Dollar (USD) and the Japanese Yen (JPY), on Monday as investors become confident that the United Kingdom (UK) won't face hefty tariffs from the United States (US). Read More...

GBP/USD falls below 1.2300 following Trump tariffs

GBP/USD continues its decline for the fifth consecutive session, hovering around 1.2270 during Monday’s Asian trading hours. The pair has weakened by around 1% as the US Dollar Index (DXY), which measures the US Dollar (USD) against six major peers, gains strength following US President Donald Trump’s tariffs against China, Canada, and Mexico. Read More...

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