GBP/BSD Price & Performance (GBPBSD)

The GBP/USD pair climbed to 1.2910 during Thursday’s session, recovering from earlier losses. Declining US Treasury yields have pressured the dollar, while traders await key economic data, including US Q4 GDP and UK retail sales. However, escalating US trade tariffs could limit further gains for the pound.123

GBP/USD dropped below 1.2900 following softer UK inflation data and escalating US tariff policies. Analysts warn of potential further declines if the pair breaks below key support at 1.2865. Meanwhile, traders are closely monitoring upcoming US and UK economic indicators for further direction.456

The British pound remains volatile, hovering near 1.2900 as traders digest mixed signals from UK inflation data and cautious Bank of England policies. While US tariffs add pressure, upcoming UK GDP and retail sales reports are expected to provide clearer direction for the currency pair.789