Pound Sterling Price News and Forecast: GBP/USD trades cautiously as Trump-Starmer meet looms large

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Pound Sterling trades cautiously as Trump-Starmer meet looms large

The Pound Sterling (GBP) trades with caution against its major peers on Thursday as investors await the outcome of United Kingdom (UK) Prime Minister Keir Starmer’s meeting with US President Donald Trump on Thursday. Starmer is expected to negotiate on trade policies between both nations.

Investors will pay close attention to Trump-Starmer’s meeting, given that the UK is the fifth largest trading partner of the US after Canada, Mexico, China, and Germany, according to data from the US Bureau of Economic Analysis (BEA). Read more...

GBP/USD Forecast: Pound Sterling holds above key technical level

GBP/USD climbed above 1.2700 for the first time in over two months on Wednesday but erased a large portion of its daily gains to close marginally higher. The pair stays in a consolidation phase and trades above 1.2650 in the European session on Thursday.

The US Dollar (USD) benefited from the risk-averse market atmosphere in the American session on Wednesday and caused GBP/USD to edge lower. The uncertainty surrounding US President Donald Trump's trade policy forced investors to adopt a cautious stance midweek. Trump said that they are planning to impose tariffs on European imports. Although he noted that they will share details on EU tariffs soon, he explained that they are planning to impose 25% tariffs on autos and some other goods. Read more...

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