GBP/USD Price Forecast: Tumbles below 1.2200 after US PPI data
The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street's estimates. At the time of writing, the pair trades at 1.2166, down by over 0.26%. Read More...
Pound Sterling declines despite US PPI grows moderately
The Pound Sterling (GBP) surrenders its intraday gains and turns negative against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD declines to near 1.2160 even though the United States (US) Producer Price Index (PPI) report showed that the producer inflation grew at a slower-than-expected pace in December. A gradual-than-projected growth in producer inflation has weighed on the US Dollar by forcing the US Dollar Index (DXY) to surrender intraday gains and flattens near 109.50. Read More...
GBP/USD rises above 1.2200 as Trump's team considers a gradual increase in tariffs
GBP/USD breaks its five-day losing streak, rebounding from its 15-month low of 1.2099, recorded on Monday. The GBP/USD pair remains above 1.2200 during the Asian trading hours on Tuesday as the Pound Sterling (GBP) gains ground amid improved investor confidence. 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
AUD/USD drops back to 0.6200 despite strong Chinese data
AUD/USD returns to the red at around 0.6200 early Friday. The Aussie fails to sustain stronger-than-expected China's growth and activity data-led upswing as the RBA's dovish shift and looming Trump's tariff plans remain a drag.
EUR/USD: Trump round two and what it means for EUR/USD
A hawkish Federal Reserve and a dovish European Central Bank put pressure on EUR/USD. US President-elect Donald Trump’s policies set to overshadow macroeconomic releases. EUR/USD set to pierce the year low at 1.0177 and test parity in the upcoming days.
Gold: Weaker US Dollar keeps buyers hungry for the precious metal Premium
The corrective move in Gold remained well in place for yet another week, this time surpassing the $2,720 mark per troy ounce for the first time since mid-December, where an initial resistance zone appears to have emerged.
Week ahead: Markets on edge as Trump’s inauguration and BoJ decision loom
Markets brace for impact ahead of Trump’s inauguration. BoJ seen raising rates at first gathering of 2025. Euro and Pound traders turn gaze to PMIs. Canada and New Zealand CPI data to shape BoC and RBNZ bets. World Economic Forum in Davos also in focus.
Five keys to trading Trump 2.0 with Gold, Stocks and the US Dollar Premium
Donald Trump returns to the White House, which impacts the trading environment. An immediate impact on market reaction functions, tariff talk and regulation will be seen. Tax cuts and the fate of the Federal Reserve will be in the background.
Trusted Broker Reviews for Smarter Trading
VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.