ILS/USD Price & Performance (ILSUSD)

HSBC has adjusted its year-end forecast for the GBP/USD pair to 1.23, up from 1.20, citing pressures on the US dollar and global economic uncertainty. Despite the pound's recent gains, HSBC maintains a cautious stance on the UK economy, highlighting risks tied to Bank of England rate policies.1

The GBP/USD exchange rate stalled near 1.30, retreating to 1.2920 amid concerns over US trade policy. Analysts suggest the pound's recent strength may be temporary, with potential dips to 1.26. Market attention remains on global risk sentiment and US producer price data, which could influence currency movements.2

Demonstrators occupied Trump Tower in New York to protest the arrest of Columbia student Mahmoud Khalil, detained for his pro-Palestinian activism. The Trump administration's move to deport Khalil has sparked widespread criticism. Police removed protesters from the building, with no injuries reported during the incident.3