Pound Sterling Price News and Forecast: GBP/USD expects more downfall below 1.3250
|GBP/USD Price Forecast: Expects more downfall below 1.3250
The Pound Sterling is down 0.5% to near 1.3350 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair tumbles as the US Dollar (USD) outperforms its peers, with demand for safe-haven assets remaining firm, amid war in the Middle East between the United States (US), Israel, and Iran.
As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.5% higher to near 99.35. The outlook of the US Dollar remains firm as the war in the Middle East could escalate further, following the announcement of Mojtaba Khamenei as Iran’s new Supreme Leader. US President Donald Trump said last week that the choice for Iran’s new supreme leader would be “unacceptable”, and he intends to pick a new one for them. Read more...
GBP/USD Weekly Forecast: Pound under pressure as Middle East war boosts Dollar
The Pound Sterling (GBP) hit the lowest level in three months against the US Dollar (USD) near 1.3250 and staged a modest rebound, but ended the week deep in the red.
It was all about turning to the safe-haven and the world’s reserve currency, the USD, this week as the United States-Israel attack on Iran set off a deeper escalation in the Middle East and rattled global markets. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.