Sterling Price News and Forecast: GBP/USD Moves Sideways Against USD

British Pound Trades Sideways Against USD as Investors Assess Trump Tariff Plans

The British Pound (GBP) consolidates around 1.2300 against the US Dollar (USD) in the European session on Thursday. The GBP/USD pair is consolidating as investors await concrete tariff plans from US President Donald Trump to take new positions. The Dollar Index (DXY), which tracks the value of the Dollar against six major currencies, is oscillating in a narrow range above 108.00. Read more…

GBP/USD struggles near 1.2300 due to different policy stances between central banks

GBP/USD remains subdued for the second consecutive session, trading around 1.2320 during Asian hours on Thursday. The pair faces challenges as the US Dollar (USD) received support when President Donald Trump issued a memorandum directing federal agencies to investigate and address ongoing trade deficits. Read more…

GBP/USD retreats as markets move cautiously midweek

GBP/USD softened on Wednesday, retreating around a fifth of a percent as markets await a decisive trigger to tip risk appetite in one direction or another. Markets are hunkering down during a slow midweek gap between key data releases, and the Purchasing Managers’ Index (PMI) numbers are the light at the end of this week’s tunnel. Read more…

Source: Fx Street

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