Pound Sterling Price News and Forecast GBP/USD: Why Sterling is set to break higher after weathering negative factors

EUR/USD gathers bullish momentum and climbs toward 1.1650 on Monday. The US Dollar faces some selling pressure against the Euro after US President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US stock and bond markets will remain closed in observance of Martin Luther King Jr. Day.

GBP/USD gains traction following a bearish opening to the week and trades above 1.3400 on Monday. The US Dollar weakens against the Pound Sterling as markets react to US President Donald Trump's latest tariff threats against Europe over ‌Greenland. 

Gold catches aggressive bids at the start of a new week and jumps to the $4,700 neighborhood, setting a new record-high in the process. US President Donald Trump's threat to impose tariffs on eight European countries that opposed his plan to acquire Greenland causes markets to adopt a cautious stance, boosting XAU/USD.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.