GBP/USD surges as US-Iran deal hopes hammer USD
GBP/USD rises by over 0.59% on Wednesday after an Axios report revealed that the US and Iran are closing in on a deal to end the war. The Greenback fell on the news, even though US jobs data crushed estimates, which could prompt theFederal Reserveto focus on inflation. The pair trades at 1.3614 after bouncing off daily lows of 1.3531. Read More…
GBP/USD advances as US Dollar softens on US-Iran talks, risk-on mood
GBP/USDadvances on Wednesday and trades around 1.3630 at the time of writing, up 0.65% on the day, benefiting from the broad weakness of the US Dollar (USD). The move comes as investors reduce demand for safe-haven assets following several reports pointing to diplomatic progress between the United States (US) and Iran. Read More…
GBP/USD approaches 1.3600 amid hopes of a swift end to Iran war
The Pound (GBP) accelerates its recovery against the US Dollar (USD) on Wednesday, reaching session highs at 1.3595 so far, after bouncing from weekly lows near 1.3500 on Tuesday. Growing hopes that the war in the Middle East might be nearing its end are weighing on the safe-haven USD and providing support for the Cable. Read More…
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