British Pound bounces as US and Iran reportedly reach a deal, hitting the US Dollar
TheBritish Pound(GBP) pares some of its earlier losses and edges up by 0.08% on Thursday amid an Axios report that the US and Iran reached a deal, pending confirmation from US President Donald Trump. At the time of writing, GBP/USD trades at 1.3437 after bouncing off daily lows of 1.3367. Read More…
British Pound recovers against US Dollar; outlook remains weak due to Iran worries
The British Pound claws back half of its early losses and rebounds to near 1.3400 against the US Dollar (USD) during the European trading session on Thursday from the intraday low of 1.3367. The recovery move in the GBP/USD pair appears to be short-lived as Middle East conflicts have re-escalated. Read More…
British Pound softens to near 1.3400 as US-Iran tensions boost safe-haven US Dollar
The GBP/USD pair attracts some sellers near 1.3400 during the Asian trading hours on Thursday. TheBritish Pound(GBP) weakens against the US Dollar (USD) on fresh geopolitical developments. Markets remain cautious ahead of the release of the US April Personal Consumption Expenditures (PCE) Price Index inflation report, which is due later in the day.Read More…
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