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?
GBP/USD is falling sharply on Thursday, retreating from yesterday's weekly high near 1.3315 back towards the mid-1.32s, as President Trump's latest comments have abruptly halted the pair's two-day recovery.
Pound Sterling Price News and Forecast: GBP/USD attracts heavy selling as Trump's comments boost USD.
GBP/USD recovers from March lows as traders brace for Trump speech and Good Friday NFP
The Pound US Dollar (GBP/USD) exchange rate rallied on Wednesday, bolstered by fresh hopes for a de-escalation of the war in the Middle East. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.33099 (+0.51%)Euro to Dollar (EUR/USD): 1.16143 (+0.35%)Dollar to Japanese Yen (USD/JPY): 158.555 (-0.02%) DAILY RECAP: The US dollar.
The beginning of a new month marks a good opportunity to review the seasonal patterns that have influenced the forex market over the 50+ years since the Bretton Woods system was dismantled in 1971, ushering in the modern foreign exchange market.
GBP/USD climbs above 1.3300 as Trump remarks boost sentiment
EUR/GBP: Upside bias on BoE repricing – ING