GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand
The Pound Sterling advances as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same time, the US Dollar weakens amid a hot US inflation report that missed forecasts for a higher print. The GBP/USD trades near 1.3590, gaining 0.61%. Read More…
GBP/USD Price Forecast: Refreshes six-week high above 1.3500
The Pound Sterling (GBP) extends its rally to near 1.3515 against the US Dollar (USD) during the Asian trading session on Tuesday. The GBP/USD pair strengthens as the market sentiment remains favorable for riskier assets amid positive commentary from United States (US) President Donald Trump and Vice President JD Vance over negotiations with Iran regarding a permanent ceasefire. Read More…
GBP/USD rallies to seven-week highs above 1.3500 as US Dollar fades
GBP/USD opened the new week on the soft side, dipping to a session low near 1.3380, but staged a strong recovery through Monday’s session to close around 1.3510, up 0.35% on the day. The move pushed the pair to its highest level since late February, decisively reclaiming the 1.3500 handle for the first time since the sell-off that followed the outbreak of the Iran conflict. The pair has now rallied over 350 pips from the early April low close to 1.3160, erasing roughly half of the decline from the year-to-date high near 1.3870. Read More…
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