Pound Sterling Price News and Forecast: GBP/USD rollercoaster ride in Q1
|GBP/USD rollercoaster ride in Q1 – Will the pair continue upside rally in 2025?
In the first quarter of 2025, the British Pound experienced significant fluctuations against the dollar. GBPUSD began the year at approximately 1.2500, dipped to a low of 1.2100 on January 13, and surged to a high of 1.3014 by mid-March, having an overall performance of 3.5% year-to-date. This volatility was driven by a mix of economic factors and policy decisions.
The Bank of England (BoE) played a pivotal role in shaping the pound's movement. In February, the BoE reduced the interest rate by 25 basis points to 4.5%. This move aimed to bolster economic growth amid slowing inflation and subdued domestic demand. While the rate cut provided some economic relief, it also contributed to the pound's initial depreciation. Read more...
GBP/USD Forecast: Pound Sterling fails to benefit from upbeat data
GBP/USD gathered bullish momentum and closed in positive territory on Thursday. The pair stays in a consolidation phase near 1.2950 in the European session on Friday as markets await the next key data release from the US.
The broad-based US Dollar (USD) weakness helped GBP/USD gain traction on Thursday as the auto tariffs announcement by US President Donald Trump revived concerns over an economic slowdown. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.