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GBP/USD backslides as market sentiment sours

Summary by Bitcoin Ethereum News
The post GBP/USD backslides as market sentiment sours appeared on BitcoinEthereumNews.com. GBP/USD fell back below 1.2900 on Wednesday. Markets are recoiling after Donald Trump renewed his tariff pledges. An ever-growing list of tariffs is set to come into effect on April 2. GBP/USD sewered on Wednesday, tumbling six-tenths of a percent top-to-bottom and pushed back below the 1.2900 handle as market sentiment recoils from a fresh batch of tariff…
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bipns.combipns.com

Pound Sterling remains fragile despite recent rebound

GBP/USD clings to marginal daily gains above 1.2900 in the European morning. Downward revision to UK growth forecast and soft inflation data weighed on Pound Sterling. US economic calendar will feature weekly Initial Jobless Claims data. Following a two-day recovery, GBP/USD turned south and lost about 0.5% on Wednesday. After dipping below 1.2900, the pair managed to correct higher early Thursday. British Pound PRICE This week The table below …

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Bitcoin Ethereum NewsBitcoin Ethereum News

GBP/USD backslides as market sentiment sours

The post GBP/USD backslides as market sentiment sours appeared on BitcoinEthereumNews.com. GBP/USD fell back below 1.2900 on Wednesday. Markets are recoiling after Donald Trump renewed his tariff pledges. An ever-growing list of tariffs is set to come into effect on April 2. GBP/USD sewered on Wednesday, tumbling six-tenths of a percent top-to-bottom and pushed back below the 1.2900 handle as market sentiment recoils from a fresh batch of tariff…

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FXStreetFXStreet

Pound Sterling Price News and Forecast: GBP/USD slides below 1.29 on soft UK CPI, budget presentation

The Pound Sterling (GBP) depreciates against the US Dollar (USD) on Wednesday as United Kingdom (UK) inflation came in softer than expected, while investors scrutinized the Spring Budget.

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eaccny.comeaccny.com

Bannockburn Global Forex | Softer CPI Weighs on Sterling, Ahead of Budget Statement | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Softer CPI Weighs on Sterling, Ahead of Budget Statement

Overview:  Uncertainty over next week’s US tariff announcement continues weigh on markets and undermines near-term conviction. The dollar is mostly consolidating against the G10 currencies. Sterling is the heaviest, off about 0.3% after a soft CPI report and ahead of the Spring Budget Statement. The dollar bloc and Norwegian krone are the strongest. Among emerging market currencies, the Mexican peso roughly 0.25% loss puts it at the bottom of th…

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eaccny.com broke the news in on Wednesday, March 26, 2025.
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