LBP/USD Price & Performance (LBPUSD)

The GBPUSD currency pair has fallen below critical thresholds, including the 100-hour and 200-hour moving averages, signaling bearish market sentiment. A decisive break below 1.2608 could further intensify selling pressure, with the next support level at 1.2550. Buyers may regain control if the pair rebounds above these averages.1

The S&P 500 has dropped 10% from its February peak, entering correction territory and erasing $5 trillion in market value. Escalating trade tensions, including new tariffs on European goods, are compounding economic concerns. Investors eye next week’s Federal Reserve decision for insights into rate policy amid inflation and growth uncertainties.2

European natural gas prices fell after Russian President Vladimir Putin hinted at potential energy cooperation with the U.S. This development comes amid ongoing efforts to broker peace in Ukraine. Market speculation suggests such a deal could ease energy trade restrictions, though geopolitical risks remain elevated.2