Pound Sterling Price News & Forecast: GBP/USD recovers some lost ground, snapping the five-day losing streak

FXStreet Team FXStreet

British Pound rebounds above 1.3300 ahead of UK Retail Sales data

The GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak during the Asian trading hours on Friday. However, the potential upside might be limited amid heightened military tensions in the Middle East. Traders brace for the release of the UK Retail Sales data, which will be published later on Friday.

Renewed geopolitical tensions in the Middle East could underpin the US Dollar (USD) as a safe-haven currency. The US Central Command (CENTCOM) said it launched its 13th consecutive night against Iranian targets. US President Donald Trump said on Thursday that the US would hold Iran responsible for the Houthis’ actions and warned Iran and its Houthi allies would both soon receive a “major military punishment,” per the Guardian. Read more...

British Pound Sterling slides for a sixth session on a Dollar story Britain had no part in

Sterling's sixth consecutive losing session arrives without a single domestic headline behind it, and that absence is the more useful fact about Thursday than the 0.45% loss itself. GBP/USD trades near 1.3300 after setting a high just short of 1.3400 in the small hours and grinding lower through everything that followed.

The move belongs entirely to the Dollar, which is being bought for reasons that have nothing to do with Britain. A currency does not lose six sessions running on coincidence, but it can lose them without ever being the subject of the story. Read more...

GBP/USD Price Forecast: Struggles to return above 20-day EMA

The British Pound (GBP) trades marginally higher to near 1.3387 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges higher as the US Dollar drops despite surging oil prices in the wake of escalating Middle East energy supply risks.

At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.15% lower to near 101.00. Read more...

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GBP/USD rebounds above 1.3300 ahead of UK Retail Sales data

EUR/USD rises as US Dollar weakens despite rising Middle East tensions

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Gold extends slide as inflation fears lift Fed hike bets amid Trump's tariffs

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