Pound Sterling Price News and Forecast: GBP/USD stumbles below 1.2900 on risk-off mood

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GBP/USD Price Forecast: Stumbles below 1.2900 on risk-off mood

The Pound Sterling begins the week on the back foot, tumbling over 0.30% against the Greenback amid fears that US President-Elect Donald Trump might impose tariffs, deteriorated risk appetite. Hence, the risk-sensitive GBP/USD pair fell below the 1.2900 figure, trading at 1.2876. Read More...

Pound Sterling wobbles as focus shifts to UK Employment

The Pound Sterling (GBP) exhibits a mixed performance against its major peers on Monday, in a calm start of the week as investors keep their powder dry ahead of the United Kingdom (UK) labor market data for the three months ending September, which will be released on Tuesday. The jobs data could significantly influence market expectations for the Bank of England (BoE) monetary policy decision in the December meeting. Read More...

GBP/USD Price Forecast: The bearish outlook remains in play near 1.2900

The GBP/USD pair weakens to near 1.2910 during the early European session on Monday. The stronger US Dollar (USD) following Donald Trump’s election win continues to undermine the major pair as traders expect inflationary impulses will keep the US Federal Reserve (Fed) from cutting rates as much as they otherwise would have. Read More...

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EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.