GBP/USD price forecast: cling to strong profits near the maximum of several months, above 1.3000
The GBP/USD torque wins a strong positive traction for the second consecutive day on Thursday and advances to its highest level since October 2024 during the Asian session. Cash prices currently quote just above 1.3000, rising 0.40% in the day, and seem to be ready to climb more in the middle of a US dollar (USD).
The USD index (DXY), which tracks the value of the dollar against a foreign exchange basket, immerses a new minimum of the year in reaction to the commercial tariffs of the US President Donald Trump, which raises the bets that the Federal Reserve (Fed) will soon resume its cycle of feat cuts. This, together with the anti-risgo flow, triggers a strong fall in the yields of the American treasure bonds and further weakens the dollar. Read more…
GBP/USD rises to try new maximums, absorb Trump tariffs easily
The GBP/USD received new offers at six -month maximums on Wednesday after the Trump administration revealed tariffs that generally turned out to be better than many investors feared, based on the series of tariff threats of President Donald Trump since he assumed the presidency 72 days ago. The exact details of the tariff proposals remain complex, but US consumers can expect to pay a 10% fixed tariff in all imports to the US, together with an additional 25% tariff in all cars and car parts, and “reciprocal” “reciprocal” tariffs applied to different levels according to the country. Donald Trump also took the opportunity to remind the world that he still intends to issue additional tariff packages about things like copper, microchips and other imported consumer goods that support the entire US economy.
With the established tariffs to increase consumer prices in the coming months, and with the lack of a clear solution so that consumer markets obtain foreign goods without paying high import taxes, it is likely that inflationary pressures will increase in the short term and remain high for much longer than anyone who wishes. As noted by those responsible for the monetary policy of the Federal Reserve (FED), the uncertainty about the Trump administration policies will probably maintain the highest interest rates for longer than expected above. Read more…
GBP/USD exceeds 1,2950 while operators prepare for the Trump tariffs announcement
The sterling pound (GBP) advances early during the American session against the US dollar (USD) while operators expect the tariffs of the US president, Donald Trump, which could potentially boost a global economic slowdown. At the time of writing, the GBP/USD quotes at 1,2950, ​​rising 0.22%.
At 20:00 GMT, Donald Trump is expected to announce the imposition of reciprocal tariffs on commercial partners in the White House Roses. Although the percentage of tariffs applied to US business partners, The Washington Post, mentioned that Trump’s advisors were considering a plan of approximately 20% for almost all countries. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
