Pound Sterling Price News:GBP/USD rallies as ‘Sell America’ trade returns on Fed independence fears

GBP/USD rallies as ‘Sell America’ trade returns on Fed independence fears

The British Pound (GBP) stages a comeback on Monday as traders grow risk-averse following threats to the US Federal Reserve (Fed) independence. A scarce economic docket in the UK shifts the focus to geopolitical developments and the US Dollar (USD), which continued to soften as the ‘Sell America’ trade is back into play. At the time of writing, GBP/USD trades at 1.3473, up 0.55%. Read More…

Pound Sterling outperforms amid renewed concerns on Fed’s independence

The Pound Sterling (GBP) recovers strongly to around 1.3465 against the US Dollar (USD) during the European trading session on Monday after a weak opening around 1.3390. The GBP/USD pair bounces back as the US Dollar corrects sharply, following the opening of a criminal investigation on Federal Reserve (Fed) Chair Jerome Powell over mismanaging funds in the reconstruction of Washington’s headquarters. Read More…

GBP/USD Price Forecast: Immediate resistance level emerges above 1.3450

The GBP/USD pair attracts some buyers to around 1.3430 during the early European trading hours on Monday. The Greenback weakens against the Pound Sterling (GBP) after Federal Reserve (Fed) Chair Jerome Powell said US President Donald Trump threatened him with a criminal indictment, raising concerns over the central bank’s independence. Read More…