GBP/USD rises as UK GDP beat estimates, US inflation stays hot
The Pound Sterling (GBP) registered solid gains versus the US Dollar (USD) on Thursday after GDP figures in the United Kingdom (UK) surprisingly beat estimates. Meanwhile, inflation in the United States (US) rose and job data shows that the labor market remains strong. The GBP/USD pair trades at 1.2510, up 0.53%. Read More…
Pound Sterling consolidates some gains against USD as Trump reiterates reciprocal tariff threats
The Pound Sterling (GBP) surrenders some of its intraday gains and falls back below the psychological level of 1.2500 against the US Dollar (USD) in North American trading hours on Thursday. The GBP/USD pair gives up some gains as the US Dollar (USD) recovers some losses after US President Donald Trump reiterated threats to impose reciprocal tariffs later in the day. Read More…
GBP/USD rises above 1.2450 ahead of UK GDP data
GBP/USD extends its winning streak for the third consecutive day, trading around 1.2460 during Thursday’s Asian session. Traders await the UK’s preliminary Gross Domestic Product (GDP) data due later in the day. Economists expect a contraction in Q4 GDP, though the economy is projected to expand on an annual basis. Read More…
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