GBP/USD slips as higher Oil, US yields boost the US Dollar
The Pound Sterling (GBP) falls by 0.16% on Tuesday as the US Dollar (USD) advances, underpinned by a recovery in energy prices and rising US Treasury yields, with markets not expecting theFederal Reserve(Fed) to cutratesin 2026.GBP/USDtrades at 1.3400 after hitting a daily high of 1.3445. Read More…
Pound Sterling weakens as Middle East tensions escalate and UK PMI disappoints
The GBP/USD pairfaces selling pressure on Tuesday after registering modest gains in the previous day, weighed down by a slight rebound in the US Dollar and softer-than-expected preliminary UK S&P Global Purchasing Managers Index (PMI) data. At the time of writing, the pair is trading near 1.3395 at the start of the American trading session. Read More…
GBP/USD surges as Trump walks back threatened Iranian infrastructure strikes
GBP/USD rallied about 0.5% on Monday, recovering from an early dip near 1.3260 to trade around 1.3430 by the end of the session. The wide-range day left a long lower wick, suggesting fresh demand emerged below the 1.3300 handle as the pair extended its recovery from the mid-March low close to 1.3240. Price is now consolidating just below the session high near 1.3480. Read More…
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