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 remains firm, targets 1.2000

EUR/USD carried over Monday’s momentum, pushing up toward the proximity of the key 1.2000 area, a level not seen since June 2021. The ongoing leg higher reflects continued selling pressure on the US Dollar, with the broader risk backdrop still supportive and investors once again zeroing in on tariff-related risks coming out of the White House.

GBP/USD loses some momentum ahead of1.3800

GBP/USD continues to grind higher on Tuesday, climbing toward the 1.3800 handle and setting fresh multi-month highs as broad-based US Dollar weakness remains the dominant theme prior to Wednesday’s FOMC event.

Gold picks up pace, hovers around $5,100 zone

Gold is holding onto a positive tone, reclaiming the area near $5,100 per troy ounce and maintaining its uptrend well in place for yet another day on Tuesday. The yellow metal continues to draw support from a soft US Dollar, as well as lingering uncertainty around trade policy and wider geopolitical risks, all preceding the Fed’s interest rate decision.