Pound Sterling Price News and Forecast: GBP/USD trades slightly higher in thin holiday trade
GBP/USD stabilised around 1.3227 on Friday following a sharp decline the previous day. Rising geopolitical tensions have weighed on the pound following fresh statements from US President Donald Trump.
GBP/USD trades slightly higher in thin holiday trade ahead of US NFP
The US Dollar Index trades near 100.00 as markets await the March NFP report. Will geopolitical risks and “higher for longer” bets crush GBP/USD and EUR/USD?
GBP/USD Price Forecast: Rebounds toward 1.3250 near nine-day EMA
Pound Sterling Price News and Forecast: GBP/USD slumps on Trump's tougher rhetoric
GBP/USD trapped below 1.33 as the BoE's rate dilemma deepens
GBP/USD slides toward 1.3200 as Trump threats boost US Dollar
GBP/USD started the year strongly with the pound benefiting from a softer U.S. dollar, resilient UK data, and optimism that the Bank of England would remain relatively cautious on rate cuts, pushing the pair up toward the mid-to-upper 1.36s in late January. Through February, the rally lost momentum and the pair largely consolidated around the mid-1.35 area as markets reassessed the BoE-Fed policy gap and questioned how durable UK growth would be.
EUR/GBP: BoE Rate hike repricing supports gains – Commerzbank
The pair took a downturn to drop lower as war-end hopes fade. Despite that the market is still holding above 1.3160, traders need to watch the 1.3200 support if prices fall below it, this could add more pressure to break below 1.3160 and to head toward 1.3010.
The US Dollar Index rebounds as geopolitical risks and Fed rate worries pressure the market. Will GBP/USD and EUR/USD break key support levels?