British Pound buckles as Hormuz attacks spark US Dollar rush
The Pound Sterling (GBP) drops by 0.28% during the North American session on Wednesday as the US and Iran exchange attacks, while data in the US showed that the labor market remains solid and that business activity expanded but is slowing. At the time of writing, the GBP/USD pair trades at 1.3426 after reaching a daily high of 1.3471. Read More…
British Pound steadies as increased risk aversion offsets hawkish BoE tone
GBP/USDmoves little following a four-day winning streak, trading around 1.3470 during the Asian hours on Wednesday. The pair steadies as the US Dollar (USD) remains firm, driven by stalled US-Iran peace negotiations and renewed tensions in the Middle East, continued to underpin safe-haven demand. Read More…
British Pound climbs as Trump eases tensions, lifting risk mood
The Pound Sterling (GBP) rises by about 0.19% on Tuesday against the US Dollar (USD) as traders remain optimistic about a peace deal between the US and Iran despite ongoing geopolitical uncertainty. TheGBP/USDpair trades at around 1.3470 after bouncing off daily lows of 1.3446. Read More…
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