GBP/USD climbs above 1.3300 as Trump remarks boost sentiment
The Pound Sterling (GBP) advances over 0.70% on Wednesday as risk appetite improved amid speculation of an end to the Middle East conflict, following US President Donald Trump’s statement, “We’re going to be out of Iran pretty quickly.” GBP/USD trades above 1.3300 after bouncing off daily lows of 1.3216. Read More…
GBP/USD Price Forecast: Rallies to 1.3300 neighborhood, fresh weekly top on weaker USD
The GBP/USD pair is seen building on the overnight bounce from the 1.3160 area, or its lowest level in over four months, and gaining positive traction for the second consecutive day. The momentum lifts spot prices to the 1.3300 neighborhood, or a fresh weekly high during the early European session, and is sponsored by some follow-through US Dollar (USD) selling. Read More…
GBP/USD snaps five-day slide on Iran peace hopes ahead of key US data
GBP/USD edged 0.32% higher on Tuesday in choppy trading, closing around 1.3230 after swinging between a session low near 1.3160 and a high close to 1.3260. The gain snapped a five-day losing streak, though the bounce lacked conviction and left price well below its key moving averages overhead. Tuesday’s candle printed a long lower wick, suggesting dip-buying interest is emerging near the bottom of the pair’s recent range, but the broader pullback from the January highs about 1.3870 to the recent low around 1.3010 still dominates the picture. Read More…
