British Pound tumbles as risk-off mood boosts the US Dollar
The Pound Sterling retreats by 0.13% even though the Greenback is flat during the day, as risk appetite shifted sour onnewsthat a Chinese state-backed company is producing chipmaking machines, prompting a sell-off in ASML, the Dutch-based company. TheGBP/USDtrades at 1.3305, after reaching a high of 1.3363. Read More…
British Pound strengthens beyond mid-1.3300s vs weak USD amid fresh Iran diplomacy hopes
The GBP/USD pairbuilds on Friday’s modest bounce from a three-week low and gains strong follow-through positive traction at the start of a new week. This marks the second straight day of a positive move and lifts spot prices above mid-1.3300s during the Asian session amid a broadly weaker US Dollar (USD). Read More…
British Pound rises as Oil slide softens USD, Fed hike bets increase
The Pound Sterling advances by some 0.20% on Friday as Oil prices tumble, weighing on the US Dollar, while the US-Iran conflict signals a further escalation, which market participants ignored. Despite registering daily gains, the GBP/USD is poised to finish the week with losses of nearly 0.70%. Read More…
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