GBP/USD price forecast: The upward perspective is maintained above 1,3250
The GBP/USD pair moves up around 1,3270, breaking the two -day loss streak during the first hours of European negotiation on Thursday. The mitigation of concerns about possible tariff threats by the US president, Donald Trump, exerts some sales pressure on the US dollar (USD).
Technically, the constructive perspective of the GBP/USD is maintained, since the main torque is well supported above the 100 -day exponential mobile average (EMA) in the daily chart. The bullish impulse is reinforced by the relative force index (RSI), which is located above the midline about 63.10, showing a short -term bullish impulse. Read more…
GBP/USD wins traction above 1,3250 against new commercial uncertainty
The GBP/USD torque gains strength about 1,3270, breaking the two -day loss streak during Thursday’s first Asian session. The US dollar (USD) weakens in front of the pound due to uncertainty about Trump’s commercial policies.
The administration of the president of the United States, Donald Trump, declared that he has spoken with 90 countries about tariffs. The US will establish tariffs for China in the next two to three weeks, and depends on China how soon tariffs can be reduced. Read more…
GBP/USD slides below 1,3300 while the USD wins for Powell’s relief and commercial optimism
The sterling pound (GBP) depreciates against the dollar on Wednesday, although it recovered slightly after falling to a minimum of four days of 1,3230. The operators seemed relieved that US President Donald Trump, although angry with the president of the Federal Reserve (Fed), Powell, is not looking to fire him. At the time of writing, the GBP/USD quotes at 1,3289, with a fall of 0.28%.
The feeling of investors improved after the end of the American negotiation session on Tuesday and Trump said he is not looking to say goodbye to Powell. This promoted global shares and raised the US dollar. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
