GBP/USD Price Forecast: Slips below 1.2700 amid buoyant US Dollar
The Pound Sterling tumbled over 0.50% against the Greenback on Monday, as the latter recovered from last week’s losses, remaining bid on Monday. At the time of writing, the GBP/USD trades at 1.2659, dropping after reaching a daily high of 1.2735. Read More…
Pound Sterling weakens against US Dollar after Trump threatens to tariff BRICS
The Pound Sterling (GBP) pulls back on Monday after more invective from President-elect Donald Trump bolsters the US Dollar (USD). Read More…
GBP/USD Price Forecast: The potential support level to watch is near 1.2600
The GBP/USD pair tumbles to near 1.2700 during the early European session on Monday, pressured by the firmer US Dollar (USD) broadly. The US President-elect Donald Trump’s tariff threats, the rising geopolitical tensions in West Asia and the rising expectation for less aggressive Fed rate cuts support the Greenback and act as a headwind for GBP/USD. The release of US ISM Manufacturing Purchasing Managers Index (PMI) data will be the highlight on Monday. Read More…
Read the full article here