GBP/USD eases from 3-year high as BoE turns dovish, US data beats

The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair. The GBP/USD trades at 1.3721, down a minimal 0.07%. Read More…

GBP/USD stretches higher, approaching 1.3800 with the US Dollar at long-term lows

The Pound is accelerating its uptrend on Tuesday, unaffected by rather downbeat UK manufacturing PMI data. US Dollar weakness is driving markets today with tariff uncertainty, renewed concerns about the US fiscal health, and rising bets on Fed cuts crushing demand for the US Dollar. Read More…

GBP/USD holds steady around 1.3740, remains close to multi-year top amid a bearish USD