Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.2200 after US PPI data

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GBP/USD Price Forecast: Tumbles below 1.2200 after US PPI data

The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street's estimates. At the time of writing, the pair trades at 1.2166, down by over 0.26%. Read More...

Pound Sterling declines despite US PPI grows moderately

The Pound Sterling (GBP) surrenders its intraday gains and turns negative against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD declines to near 1.2160 even though the United States (US) Producer Price Index (PPI) report showed that the producer inflation grew at a slower-than-expected pace in December. A gradual-than-projected growth in producer inflation has weighed on the US Dollar by forcing the US Dollar Index (DXY) to surrender intraday gains and flattens near 109.50. Read More...

GBP/USD rises above 1.2200 as Trump's team considers a gradual increase in tariffs

GBP/USD breaks its five-day losing streak, rebounding from its 15-month low of 1.2099, recorded on Monday. The GBP/USD pair remains above 1.2200 during the Asian trading hours on Tuesday as the Pound Sterling (GBP) gains ground amid improved investor confidence. Read More...

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EUR/USD appears supported by the 200-day SMA, for now

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold eases some ground, approaches $5,300

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.