GBP/USD climbs to 1.3690 as Dollar slumps on Yen intervention talk
The Pound Sterling rises some 0.55% on Monday as the Greenback remains on the defensive on rumors of a possible intervention in the FX markets by Japanese authorities and the Federal Reserve. Solid US data was ignored by traders despite being solid, ahead of the January meeting by the Federal Open Market Committee (FOMC). The GBP/USD trades at 1.3690 after bouncing off daily lows of 1.3642. Read More…
Pound Sterling gains against US Dollar at start of Fed policy week
The Pound Sterling (GBP) trades lower against its major currency peers, outperforming North American peers on Monday. The British currency steadies after a sharp rally on Friday, which was prompted by strong United Kingdom (UK) S&P Global Purchasing Managers’ Index (PMI) preliminary data for January and upbeat Retail Sales data for December. Read More…
GBP/USD strengthens above 1.3650 on robust UK data
The GBP/USD pair trades in positive territory near 1.3660, the highest since September 17, 2025, during the early European session on Monday. The Pound Sterling (GBP) edges higher against the Greenback on the stronger-than-expected UK Retail Sales and Purchasing Managers Index (PMI) data. Traders will keep an eye on the US November Durable Goods Orders report later on Monday. Read More…