GBP/USD stalls around 1.3360 as Oil spike, geopolitics support USD
The GBP/USD pair consolidates around 1.3360 on Thursday amid heightened tensions in the Middle East, as US President Donald Trump exerts pressure on Iran to reach a deal. Solid US jobs data maintained the status quo, which remains controlled by geopolitics. At the time of writing, the pair remains virtually unchanged. Read More…
GBP/USD Price Forecast: Wobbles around 1.3360 amid uncertainty over US-Iran ceasefire
The GBP/USD pair trades in a tight range around 1.3360 during the early European trading session on Thursday. The Cable consolidates as investors await clarity on whether Iran intends to pursue a ceasefire, as claimed several times by United States (US) President Donald Trump. Read More…
GBP/USD slips as risk aversion, sticky UK inflation lift US Dollar
The Pound Sterling (GBP) reverses course on Wednesday as the Greenback edges higher on the day, as risk appetite deteriorates following news reports that Iran’s nuclear Bushehr power plant was hit. Also, inflation readings in the UK pushed GBP/USD lower, with the pair losing 0.30% and trading near 1.3370 at the time of writing. Read More…
