British Pound gains as Lebanon truce drama hits the US Dollar
The Pound Sterling (GBP) registers gains of over 0.16% on Thursday amidnewsthat Israel and Lebanon agreed on a ceasefire, but headlines that Hezbollah rejected the plan triggered a retracement on Cable. TheGBP/USDpair trades at 1.3439 after bouncing off daily highs of 1.3462. Read More…
British Pound edges higher vs softer USD; lacks bullish conviction as Iran risks persist
The GBP/USD pair attracts some dip-buyers following the previous day’s slide back closer to the weekly low and trades above the 1.3400 mark during the Asian session on Thursday. The uptick is sponsored by a softer US Dollar (USD), though the upside potential seems limited amid persistent geopolitical uncertainties. Read More…
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…
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