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Pound Sterling Price News and Forecast: GBP/USD climbs as USD fades, Hormuz risk keeps Fed in play

Pound Sterling Price News and Forecast: GBP/USD climbs as USD fades, Hormuz risk keeps Fed in play
FXStreet TeamFXStreet TeamFXStreet

British Pound climbs as USD fades, Hormuz risk keeps Fed in play

The Pound Sterling rises by over 0.23% amid thin trading conditions, as US markets remained closed for the Labour Day weekend, while the US-Iran conflict escalated, with both countries exchanging strikes around the Strait of Hormuz. The GBP/USD trades at 1.3541. Read More...

British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyed

The British Pound (GBP) is marginally higher at around 1.3525 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair ticks up as the US Dollar struggles to attract bids despite the United States (US) Bureau of Labor Statistics (BLS) posting strong Nonfarm Payrolls (NFP) figures for August. Read More...

GBP/USD Price Forecast: Struggles near 1.3500 amid modest USD uptick; bears seem hesitant

The GBP/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and trades around the 1.3500 psychological mark during the Asian session on Monday. Moreover, spot prices hold above Friday's swing low, warranting some caution for bearish traders. Read More...

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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