GBP/USD Forecast: Pound Sterling sellers hesitate as key support holds
GBP/USD closed in negative territory on Thursday and Friday to end the previous week virtually unchanged. The pair gains traction in the European morning and recovers toward 1.2950.
The renewed US Dollar (USD) weakness at the beginning of the week helps GBP/USD hold its ground, as the market mood improves on easing fears over aggressive reciprocal US tariffs. Read more...
GBP/USD attracts some buyers to near 1.2950 as traders await US PMI release
The GBP/USD pair attracts some buyers to around 1.2940 during the early European session on Monday, bolstered by the softer Greenback. The uncertainty about US President Donald Trump's next round of tariffs and concerns over the US economic slowdown weigh on the US Dollar (USD) against the Pound Sterling (GBP). The preliminary reading of the US S&P Global Manufacturing Purchasing Managers Index (PMI) for March will take center stage later on Monday.
The Greenback remains under pressure as analysts believe Trump’s aggressive and erratic trade policies could trigger a recession. Trump has declared April 2 to be "Liberation Day" for the US, when he will implement so-called reciprocal tariffs that seek to equalize US tariffs with those charged by trading partners, as well as tariffs on sectors such as automobiles, pharmaceuticals, and semiconductors, which he has repeatedly stated would be enacted on that day. Read more...
GBP/USD Weekly Outlook: Geopolitical and economic concerns weigh on Pound Sterling
The Pound Sterling (GBP) corrected after topping near 1.3000 against the US Dollar (USD) mid-week. However, the GBP/USD pair holds at its highest level in four months.
Over the weekend, the US launched large-scale airstrikes on Yemen, targeting the Iran-backed militant group Houthis. In response, Houthis attacked US vessels in the Red Sea, which Trump vowed to stop, warning that "hell will rain down" if they continue. 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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD tumbles to three-week lows near 1.0750
Fresh headlines mentioning the imminence of US tariffs on the European Union put EUR/USD under heavy pressure and send it to the area of multi-week lows around 1.0750 on Wednesday.
GBP/USD retests the 1.2870 zone, or two-week lows
The Greenback's upside impulse is now gathering extra steam and motivates GBP/USD to recede to the area of new two-week troughs around 1.2870.
Gold remains slightly offered just above $3,000
Gold is trading in a narrow range on Wednesday but continues to hold firm just above the $3,000 mark. The precious metal is drawing support from upbeat sentiment in the broader commodities space, buoyed by Copper’s surge to a fresh all-time high earlier in the day.
Bitcoin holds $87,000 as markets brace for volatility ahead of April 2 tariff announcements
Bitcoin (BTC) holds above $87,000 on Wednesday after its mild recovery so far this week. A K33 Research report explains how the markets are relatively calm and shaping up for volatility as the market absorbs the tariff announcements.
Sticky UK services inflation shows signs of tax hike impact
There are tentative signs that the forthcoming rise in employer National Insurance is having an impact on service sector inflation, which came in a tad higher than expected in February. It should still fall back in the second quarter, though, keeping the Bank of England on track for three further rate cuts this year.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.