Pound on best run since 1971 as FTSE 100 claws back gains

Sterling recovers against the dollar - London Business News

On Wednesday sterling recovered from early losses shrugging off weakened business activity due to global the geopolitical situation with trade tensions. Sterling fell flat on Wednesday on the US dollar… The post Sterling recovers against the dollar appeared first on London Business News

GBP/USD Forecast: Pound Sterling Rally Stalls as 'Momentum is Overbought'

April 22, 2025 – Written by Ben Hughes STORY LINK GBP/USD Forecast: Pound Sterling Rally Stalls as “Momentum is Overbought” The Pound Sterling’s recent rally against the US Dollar takes a break on Tuesday, with GBPUSD trading flat at around 1.337. “GBPUSD looks to be taking a pause following its impressive 10-session rally from 1.2700,” says Shaun Osborne, Chief FX Strategist Momentum at Scotiabank. “Momentum is overbought with an RSI at 71 and …

The session is one of firm gains on the stock exchanges in New York and on the dollar abroad, while Treasury yields fall

Pound Sterling Trades Firmly Against USD As Trump Assaults Fed's Independence

The Pound Sterling demonstrates firmness against the US Dollar near 1.3400 as Trump aims to sack Fed Powell for not cutting interest rates. The US Dollar is the major casualty of the feud between Trump and Powell. Investors expect the BoE to cut interest rates in May. The Pound Sterling (GBP) remains resilient around a three-year high above 1.3400 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair is expected to se…

Pound on best run since 1971 as FTSE 100 claws back gains

The pound and the FTSE 100 continued their strong runs on Tuesday on the back of US instability. Sterling was on track for its 11th day of gains, which would be its longest streak since January 1971 – when the currency switched to the decimal system. It was up 0.6 per cent to $1.34 against the dollar, an increase from $1.25 at the start of the year. Downturns worsened for the greenback which fell to a three-year low on Monday. The DXY index, whi…

Pound Sterling gains against US Dollar as Trump blames Fed for potential economic slowdown

The Pound Sterling (GBP) shows strength near its three-year high around 1.3425 against the US Dollar (USD) in Tuesday’s European session.