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GBP/USD: Sterling enjoys its reserve currency status – ING

Summary by FXStreet
GBP/USD continues to benefit from broader dollar weakness and reserve diversification trends, with FX managers potentially trimming dollar holdings in favor of currencies like sterling. The pair also closely follows EUR/USD moves, as Europe embraces fiscal stimulus.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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currencynews.co.ukcurrencynews.co.uk

GBP/USD Forecast: Pound Looks to be Overbought Against Dollar

After hitting 6-month highs close to 1.3300, the Pound to Dollar exchange rate dipped to test 1.3200 before rebounding to 1.3240. US equities posted sharp losses on...

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FXStreetFXStreet

GBP/USD: Sterling enjoys its reserve currency status – ING

GBP/USD continues to benefit from broader dollar weakness and reserve diversification trends, with FX managers potentially trimming dollar holdings in favor of currencies like sterling. The pair also closely follows EUR/USD moves, as Europe embraces fiscal stimulus.

Read Full Article
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FXStreet broke the news in on Wednesday, April 16, 2025.
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