GBP/USD struggles to gain traction as mood sours

Finance

GBP/USD struggles to gain traction as mood sours

GBP/USD Forecast: Pound Sterling struggles to gain traction as mood sours

Following Thursdays strong rebound, GBP/USD failed to make a decisive move in either direction on Friday but ended the week marginally higher still. The pair stays in a consolidation phase at around 1.2950 on Monday, while the technical outlook highlights a lack of bullish momentum.

The negative shift seen in risk mood makes it difficult for GBP/USD to gain traction at the beginning of the week. Investors grow increasingly concerned over a deepening global trade war and its potential adverse impact on the economic outlook. Read more…

GBP/USD Weekly Outlook: Pound Sterling buyers stay hopeful despite tariff jitters

The Pound Sterling (GBP) sustained its correction from four-month highs against the US Dollar (USD) over the past week, keeping the GBP/USD pair below the 1.3000 threshold. After a brief corrective stint from multi-month highs above 1.3000, GBP/USD entered a phase of consolidation, gyrating between 1.3000 and 1.2870.

Hopes of targeted reciprocal tariffs by US President Trump and stronger-than-expected US S&P Global preliminary PMI data helped alleviate concerns about an economic slowdown, aiding the US Dollar‘s recovery while capping the pair’s upside.