Weekly Perspective of the GBP/USD: Geopolitical and Economic Concern Libra to the sterling pound
The pound sterling (GBP) was corrected after reaching about 1.3000 against the US dollar (USD) in the middle of the week. However, the GBP/USD pair remains at its highest level in four months.
During the weekend, the US launched large -scale air attacks in Yemen, pointing to the Houthi militant group supported by Iran. In response, the Houthis attacked US ships in the Red Sea, which Trump promised to stop, warning that “hell will fall” if they continue. Read more…
GBP/USD quotes with positive bias around 1,2930 in the middle of a moderate weakness of the USD
The GBP/USD torque continues to show some resilience below the round level of 1,2900 and attract some buyers in the Asian session on Monday. Cash current prices currently quote around the 1,2930 region, with an increase of almost 0.10% in the day, and for now, it seems to have ended a two -day loss streak up to a minimum of a week and a half reached on Friday.
The US dollar (USD) starts the new week in a weaker tone and stops a three -day recovery movement from a minimum of several months, which, in turn, is considered a key factor that acts as a tail wind for the GBP/USD torque. Although the Federal Reserve (FED) raised its inflation projection, investors seem convinced that an economic deceleration in the US driven by tariffs could force the Central Bank to soon resume its cycle of feat cuts. This, together with a positive tone around the future of US shares, seems to weaken the USD of safe refuge. 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.
