Pound Sterling Price News and Forecast: GBP/USD rallies on soft US ISM data, falling US yields

FXStreet Team FXStreet

GBP/USD rallies on soft US ISM data, falling US yields

The Pound Sterling (GBP) snaps two days of losses and is rising over 0.89% amid a weaker US Dollar (DXY), which appreciated on Friday following a weaker-than-expected Atlanta GDP Now forecast for Q1 2025. At the time of writing, the GBP/USD is trading at 1.2694 after hitting a daily low of 1.2577. Read More...

Pound Sterling rallies against US Dollar on Ukraine peace plan

The Pound Sterling (GBP) gains ground against the US Dollar (USD) after a two-day correction and rebounds strongly to near 1.2700 in North American trading hours on Monday. The GBP/USD pair bounces back as the risk premium of the US Dollar diminishes on optimism over a peace truce between Russia and Ukraine. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, falls to near 107.25 from an over two-week high of 107.65 posted on Friday. Read More...

GBP/USD retakes 1.2600 amid modest USD weakness; upside potential seems limited

The GBP/USD pair attracts some dip-buyers during the Asian session on Monday and now seems to have stalled its retracement slide from levels beyond the 1.2700 mark, or over a two-month peak touched last week. The intraday move up lifts spot prices back above the 1.2600 round figure in the last hour and is sponsored by a modest US Dollar (USD) weakness. Read More...

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