The post Pound Sterling Price News and Forecast: GBP/USD trades sideways against USD appeared on BitcoinEthereumNews.com.

Pound Sterling trades sideways against USD as investors gauge Trump’s tariff plans The Pound Sterling (GBP) consolidates around 1.2300 against the US Dollar (USD) in Thursday’s European session. The GBP/USD pair consolidates as investors await US President Donald Trump’s concrete tariff plans to build fresh positions. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, oscillates in a tight range above 108.00. Read More… GBP/USD struggles near 1.2300 due to differing policy stances between central banks GBP/USD remains subdued for the second successive session, trading around 1.2320 during the Asian hours on Thursday. The pair faces challenges as the US Dollar (USD) received support as President Donald Trump issued a memorandum instructing federal agencies to investigate and address ongoing trade deficits. Read More…   GBP/USD eases back as markets tiptoe through the midweek GBP/USD softened on Wednesday, easing back around one-fifth of one percent as markets await a decisive trigger to tilt risk appetite one way or another. Markets are hunkering down during a slow midweek gap between key data releases, and Purchasing Managers Index (PMI) figures are the light at the end of this week’s tunnel. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-trades-sideways-against-usd-202501231736

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Filed under: News - @ January 23, 2025 7:23 pm