Switzerland Producer and Import Prices (MoM) came in at 0.8%, above forecasts (0.1%) in April

May 12, 2026

GBP/USD Price Forecast: 61.8% Fibo retracement near 1.3600 remains key barrier

The GBP/USD pair is down 0.3% to near 1.3570 during the European trading session on Tuesday. The Cable faces selling pressure as the US Dollar (USD) outperforms its peers due to a risk-off market mood.

Switzerland Producer and Import Prices (MoM) came in at 0.8%, above forecasts (0.1%) in April

GBP/USD Price Forecast: 61.8% Fibo retracement near 1.3600 remains key barrier

Switzerland Producer and Import Prices (YoY) rose from previous -2.7% to -2% in April