GBP/USD climbs as Pakistan talks boost risk mood
The GBP/USD climbed on Friday as risk appetite improved amid the start of US-Iran talks in Pakistan. Meanwhile, US inflation rose as expected in March, but traders seem confident it’s a one-time jump as they remain optimistic about Middle East peace negotiations. The pair trades at 1.3461, up 0.20%. Read More…
Pound Sterling remains depressed vs USD; GBP/USD holds above 1.3400 as traders await US CPI
The GBP/USD pair drifts lower during the Asian session on Friday, though it lacks follow-through selling and remains close to its highest level since late February, set earlier this week. Spot prices currently trade around the 1.3420-1.3415 region and seem poised to register strong weekly gains as investors now look to the latest US consumer inflation figures for a fresh impetus. Read More…
GBP/USD grinds higher but 1.3450 resistance refuses to budge
GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured. The pair touched 1.3480 earlier in the session before pulling back, and the 1.3400-1.3450 zone is shaping up as a stubborn technical ceiling. Read More…
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