British Pound retreats as renewed Iran tensions boost demand for the Greenback
TheBritish Pound(GBP) weakens against the US Dollar (USD) on Tuesday as traders reassess ongoing US-Iran negotiations following renewed US military action in southern Iran. At the time of writing, GBP/USD is trading around 1.3444, down nearly 0.43% on the day. Read More…
British Pound underperforms as UK gilt yields hit monthly low near 4.82%
TheBritish Pound(GBP) trades lower against its major currency peers, is down 0.25% to near 1.3470 against the US Dollar (USD) during the European trading session on Tuesday. The British currency faces selling pressure as yields on United Kingdom (UK) gilt securities have declined significantly due to easing hopes of a near-term interest rate hike by the Bank of England (BoE). Read More…
British Pound softens below 1.3500 as renewed US-Iran tensions favour US Dollar
The GBP/USD pair loses ground to near 1.3495 during the early Asian session on Tuesday. TheBritish Pound(GBP) softens against the US Dollar (USD) on weak underlying UK data and US-Iran peace deal uncertainty. The US April Personal Consumption Expenditures (PCE) Price Index report will be the highlight later on Thursday. Read More…
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