Pound Sterling Price News: GBP/USD strengthens to near 1.3400 in Monday’s early Asian session

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GBP/USD gathers strength to near 1.3400 on Trump’s tariff threats

The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday. The US Dollar (USD) weakens against the Pound Sterling (GBP) amid US President Donald Trump's latest tariff threats against Europe over ‌Greenland. The US markets are closed in observance of the Martin Luther King Jr. Day holiday on Monday.

Reuters reported on Saturday that he would impose an additional 10% import tariff from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the United Kingdom (UK) until the US is allowed to buy Greenland. Read more...

GBP/USD Weekly Forecast: Pound Sterling to remain highly volatile in UK data-packed week

The Pound Sterling (GBP) started off the week on a firm footing against the US Dollar (USD) and jumped to 1.3486 on Monday, following criminal charges against Federal Reserve’s (Fed) Chair Jerome Powell over cost overrun in the reconstruction of Washington’s headquarters.

However, the GBP/USD pair turned down steadily as the week passed after Bank of England (BoE) policymaker Alan Taylor delivered dovish comments on the monetary policy outlook, and investors shifted their focus to the Fed’s monetary policy decision scheduled later this month. Read more...

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GBP/USD dips below 1.3350 with bullish momentum losing steam

The British Pound ticks lower against the US Dollar Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran. The GBP/USD pair trades near 1.3340 at the time of writing, down from 1.3387 highs last week, although it maintains a near-term bullish trend intact.

EUR/USD trims losses, back to 1.1430

EUR/USD remains under pressure on Monday, although it now manages to trim its earlier losses and return to the 1.1430 zone, down marginally for the day. The pair’s mild pullback comes on the back of modest gains in the US Dollar in quite an apathetic start to the week.

Gold meets resistance around $4,200

Gold comes under fresh downside pressure on Monday, reversing three daily upticks in a row and meeting some initial resistance around the $4,200 mark per troy ounce. Safe-haven demand has shifted toward the US Dollar as renewed tensions surrounding the Strait of Hormuz weigh on market sentiment, limiting the precious metal's upside.

Crypto Today: Bitcoin, Ethereum, XRP pull back amid persistent ETF outflows

The cryptocurrency market is experiencing widespread weakness on Monday, with Bitcoin (BTC) sliding under the $63,000 mark amid ongoing risk aversion.

The US Dollar just beat the Swiss Franc at its own safe-haven game

As the king among safe havens, the Swiss Franc is supposed to benefit from geopolitical shocks such as the Iran war. This time, it didn’t. The Swissie is nearly 6% below January’s peak against the USD after a sharp decline that came along with the war in Iran and the closure of the Strait of Hormuz.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.