Sunday, 20 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Pound Sterling outperforms USD as US consumer sentiment deteriorates
Monday, 14 April 2025 21:21 WIB | GBP/USD |Poundsterling

The Pound Sterling (GBP) extends its winning streak for the fifth trading day against the US Dollar (USD) at the start of the week. The GBP/USD pair jumps to near 1.3200 in Monday's North American session as investors have dumped the US Dollar on the tit-for-tat tariff announcement between the United States (US) and China.

The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, declines to near 99.00, the lowest level seen in three years.

US President Donald Trump's announcement of a 90-day pause on reciprocal tariffs last week has significantly diminished the risk of a US recession.

However, an exception for China has still kept the US Dollar on its toes. China raised counter-tariffs on US goods imports to 125% effective on Saturday.

The motive behind Trump's economic policies is to support domestic companies to onshore manufacturing facilities. However, business owners appear reluctant as they worry that Trump could reduce import duties again after securing a better deal from its trading allies, including China.

Source: FXStreet

RELATED NEWS
GBP/USD rises to near 1.3450 due to improved market sentiment, UoM Consumer Sentiment eyed ...
Friday, 18 July 2025 10:08 WIB

GBP/USD gains ground after registering small losses in the previous session, trading around 1.3440 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) edges lower due to dovi...

The Pound Strengthened Slightly Amid The Fastest UK Inflation Growth In 17 Months ...
Wednesday, 16 July 2025 16:28 WIB

The pound (GBP) attracted buying interest against other major currencies on Wednesday (July 16th) following the release of higher-than-expected UK Consumer Price Index (CPI) data for June. The Office...

GBP/USD Price Analysis: Struggles near multi-week low, around 1.3430 ahead of US CPI ...
Tuesday, 15 July 2025 12:43 WIB

The GBP/USD pair consolidates near the 1.3430-1.3435 region, just above a three-week low touched during the Asian session on Tuesday as traders keenly await the release of the US consumer inflation fi...

GBP/USD holds steady around 1.3500; seems vulnerable near multi-week low ...
Monday, 14 July 2025 08:24 WIB

The GBP/USD pair enters a bearish consolidation phase during the Asian session and oscillates in a narrow band around the 1.3500 psychological mark, just a few pips above a three-week low touched on F...

Pound Sterling declines as UK monthly GDP and factory data contract...
Friday, 11 July 2025 16:16 WIB

The Pound Sterling (GBP) faces selling pressure against its peers on Friday after the release of weak United Kingdom (UK) Gross Domestic Product (GDP) and factory data for May. The Office for National...

LATEST NEWS
EUR/USD gains as Fed's Waller supports July rate cut, US sentiment improves

The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...

The U.S. dollar slipped against the euro on Friday

The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...

Trump threatens tariffs on BRICS nations, vows to protect dollar

Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...

POPULAR NEWS
US Weekly Jobless Claims Fall 7,000 to 221,000; Estimated 233,000
Thursday, 17 July 2025 20:13 WIB

Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...

US set to impose 93.5% tariff on graphite from China
Friday, 18 July 2025 01:36 WIB

The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the...

S&P 500, Nasdaq 100 Climb to New Highs
Friday, 18 July 2025 01:29 WIB

US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President...

Fed's Kugler: Holding Interest Rates Steady For 'Some Time' Is Appropriate
Thursday, 17 July 2025 20:22 WIB

Federal Reserve Governor Adriana Kugler said the US central bank should keep interest rates steady "for some time," citing accelerating inflation as...