Pound Sterling Price News and Forecast: GBP/USD swings amid US tariff speculation, Trump comments

FXStreet Team FXStreet

GBP/USD swings amid US tariff speculation, Trump comments

The Pound Sterling begins the week on the front foot against the US Dollar after news emerged that US President-elect Trump's aides are considering tariffs on “certain sectors,” according to the Washington Post. Nevertheless, recent news headlines suggested that Trump backpedaled, saying the Washington Post story was wrong. The GBP/USD is trading volatile within the 1.2450 – 1.2550 range as market players diggest recent news. Read More...

GBP/USD holds positive ground near 1.2450 on US Dollar bullish

The GBP/USD pair extends the recovery to near 1.2440 during the early European session on Monday. However, the potential upside seems limited amid the Federal Reserve's (Fed) hawkish stance. Later on Monday, investors await the Fed’s Governor Lisa Cook speech for more cues about the US interest rate outlook this year. Read More...

GBP/USD holds steady above 1.2400; upside potential seems limited amid bullish USD

The GBP/USD pair struggles to capitalize on Friday's modest recovery gains and oscillates in a range, above the 1.2400 mark at the start of a new week. Spot prices, meanwhile, remain close to the lowest level since April 2024 touched last week and seem vulnerable to prolonging over a three-month-old downtrend on the back of a bullish US Dollar (USD). Read More...

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