Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.2200 after US PPI data

FXStreet Team FXStreet

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...

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EUR/USD recovers some early losses driven by rising energy prices amid US-Iran war

The EUR/USD pair claws back some of its early losses during the late Asian trading session on Monday, but is still 0.25% down to near 1.1780. Earlier in the day, the Euro declined sharply against the US Dollar as investors shifted to the safe-haven fleet amid the brutal war between Iran, Israel, and the United States, which broke out over the weekend.

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Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

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