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: 2025.04.08
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Pound Sterling Price News and Forecast: GBP/USD crashes over 100 pips below 1.28 as trade war escalates
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Pound Sterling Price News and Forecast: GBP/USD crashes over 100 pips below 1.28 as trade war escalates
New
2025.04.08 03:23
2025.04.08 03:23
2025.04.08 03:23
GBP/USD crashes over 100 pips below 1.28 as trade war escalates
The Pound Sterling (GBP) plunges over 100 pips or 0.90% against the Greenback at the beginning of the week, driven by recession fears and hopes cut short that the White House could reconsider their position in trade policies over the weekend. The GBP/USD pair trades at 1.2763 after hitting a daily high of 1.2933. Read More...
Pound Sterling slumps as Trump tariffs send shockwaves to global economy
The Pound Sterling (GBP) gives up its intraday recovery move and tumbles to near 1.2800 against the US Dollar (USD) during Monday's North American session, the lowest level seen in a month. The GBP/USD pair faces an intense sell-off as the US Dollar strives to gain ground, with the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, aiming to hold above 103.00. Read More...
GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900
The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week. Spot prices currently trade around the 1.2900 round figure, though the uptick lacks bullish conviction amid the gloomier global economic outlook. Read More...
Last updated
: 2025.04.08
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USD/INR strengthens as India and Pakistan tension escalates
The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in Kashmir have been closed since Tuesday, as traders react to unverified reports of military activity.
New
2025.04.30 12:20USD/CAD holds gains near 1.3850 as trade optimism supports US Dollar
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New
2025.04.30 11:48NZD/USD remains confined in a narrow range below mid-0.5900s after Chinese PMIs
The NZD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday and languishes near the lower end of a nearly two-week-old trading range. Spot prices hold steady around the 0.5930 region and move little following the release of Chinese PMIs.
New
2025.04.30 11:24Australian Treasurer Chalmers: Market expects more interest rate cuts after inflation figures
Australian Treasurer Jim Chalmers said on Wednesday that "the market expects more interest rate cuts after inflation figures."
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2025.04.30 11:17Japanese Yen consolidates in narrow range as traders await BoJ policy update
The Japanese Yen (JPY) struggles to gain any meaningful traction on Wednesday and oscillates in a narrow trading range against its American counterpart during the Asian session amid mixed cues. US President Donald Trump signed an order to ease the impact of new tariffs on the auto industry.
New
2025.04.30 11:16Australian Dollar gains ground following CPI, China's PMI data
The Australian Dollar (AUD) is gaining ground on Wednesday following a more than 0.50% decline against the US Dollar (USD) in the previous session. The AUD/USD pair appreciates following the release of key economic data from Australia and China.
New
2025.04.30 11:01China's Caixin Manufacturing PMI drops to 50.4 in April vs. 49.9 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) fell to 50.4 in April from 51.2 in March, according to the latest data released on Wednesday.
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2025.04.30 10:50China's NBS Manufacturing PMI contracts to 49 in April, Non-Manufacturing PMI dips to 50.4
China's official Manufacturing Purchasing Managers' Index (PMI) contracted to 49 in April, compared to March's 50.5. The reading came in below the market consensus of 49.9 in the reported month.
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2025.04.30 10:33Japan's Akazawa: Assessing impact of recent changes to US auto tariffs
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2025.04.30 10:26PBOC sets USD/CNY reference rate at 7.2014 vs. 7.2029 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2014 as compared to the previous day's fix of 7.2029 and 7.2670 Reuters estimate.
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2025.04.30 10:15Disclaimer:
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