Pound Sterling Price News and Forecast: Soars toward 1.3780 as tariff escalation crushes Dollar

FXStreet Team FXStreet

GBP/USD soars toward 1.3780 as tariff escalation crushes Dollar

The Pound Sterling soars during Tuesday’s North American session as the Greenback continues to weaken due to trade tariffs escalation ahead of the first Federal Reserve monetary policy meeting of 2026. The GBP/USD trades at 1.3776, up 0.76%. Read More...

GBP/USD climbs to six-month highs amid sustained US Dollar selling

The British Pound (GBP) extends its advance against the US Dollar (USD) on Tuesday, with GBP/USD climbing to fresh six-month highs amid broad-based weakness in the Greenback. At the time of writing, the pair is trading around 1.3739, up nearly 0.42% on the day. Read More...

GBP/USD faces resistance near 1.3700 as USD ticks higher ahead of Fed rate decision

The GBP/USD pair struggles to find acceptance or build on its gains beyond the 1.3700 mark for the second consecutive day and edges lower during the early part of the European session on Tuesday. The downside, however, remains cushioned, with spot prices holding above mid-1.3600s. Moreover, the lack of follow-through selling warrants some caution before positioning for any meaningful corrective slide from over a four-month peak, touched on Monday. Read More...

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EUR/USD looks to regain the 200-day SMA

EUR/USD regains some balance and trade just above 1.1600 the figure ahead of the opening bell in Asia. The pair initially dipped to the 1.1530 zone for the first time since November, always following the stronger US Dollar and the marked flight-to-safety in the context of the ongoing Middle East crisis

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold bounces off lows, back above $5,100

Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors' repricing of Fed rate cuts.