Pound Sterling Price News and Forecast: GBP/USD spins its wheels near 1.25

FXStreet Team FXStreet

GBP/USD spins its wheels near 1.25

GBP/USD spun in a circle on Monday, driven by broad-market flows into and out of the US Dollar (USD) as Pound Sterling (GBP) traders get dragged along by the tides. It's a quiet week on the UK side of the economic calendar, and trade war murmurs as well as an impending Federal Reserve (Fed) rate call are keeping market attention off of the Cable trade for now. Read More...

Pound Sterling outperforms USD as Trump's tariff fears wane

The Pound Sterling (GBP) recovers its entire intraday losses and climbs above 1.2500 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair bounces back as the US Dollar retreats after investors digest fears of United States (US) President Donald Trump imposing 25% tariffs on Colombia overnight. Read More...

GBP/USD Price Forecast: The initial support level emerges near 1.2350

The GBP/USD pair remains under selling pressure near 1.2450 during the early European session on Monday. The renewed US Dollar (USD) demand amid the safe-have flows drags the major pair lower. Read More...

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