Pound Sterling Price News and Forecast: GBP hits fresh three-week highs past 1.3400

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British Pound hits fresh three-week highs past 1.3400 as US Dollar pulls back

The British Pound (GBP) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, to hit fresh three–week highs right above 1.3400. The Greenback's pullback following the release of the Federal Reserve’s (Fed) minutes and rumours about the resumption of the US-Iran negotiations are keeping the pair buoyed.

The US and Iran traded attacks for the second consecutive day on Thursday, but risk aversion remains contained so far, with markets hopeful that the negotiations will continue. US President Donald Trump affirmed earlier on Thursday that Tehran “wants to make a deal so badly,” which suggests that the peace talks might resume soon. Read more...

GBP/USD Price Forecast: Holds a constructive bullish tone above 1.3400 as UK political risk eases

The GBP/USD pair trades in positive territory around 1.3405 during the early European trading hours on Thursday. Fading political uncertainty in the United Kingdom (UK) provides some support to the British Pound (GBP) against the US Dollar (USD).

Following the resignation of Keir Starmer in late June, UK political risk has eased significantly. The formal race to replace outgoing Prime Minister Keir Starmer begins on July 9. Frontrunner Andy Burnham is widely expected to become Prime Minister by July 20. Read more...

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GBP/USD struggles to hold above 1.1400 as Middle East tensions escalate

GBP/USD pulls away from the three-week high it set above 1.3430 and trades slightly below 1.3400 in the second half of the day on Thursday. While fading political uncertainty in the UK helps British Pound limit its losses, escalating tensions in the Middle East make it difficult for the pair to gain traction.

EUR/USD retreats from session highs, holds above 1.1400

EUR/USD struggles to preserve its bullish momentum after climbing to the 1.1450 area earlier in the day and declines toward 1.1400. Escalating tensions in the Middle East cause investors to adopt a cautious stance, supporting the USD and limiting the pair's upside in the near term.

Gold rebounds to $4,100 but struggles to gather momentum

Gold manages to stage a rebound and clings to modest daily gains near $4,100 following a three-day slide. With Middle East hostilities reviving fears of high global inflation, which could cause major central banks to refrain from easing monetary conditions, XAU/USD finds it difficult to gather momentum.

Bitcoin stalls as mixed ETF flows, renewed US-Iran tensions cap upside

Bitcoin trades at $63,000 on Thursday, recovering slightly after facing rejection near $64,000. Renewed geopolitical uncertainty has dampened risk appetite, limiting BTC upside potential.

Japan may be changing its Yen strategy, but markets don’t look scared

Japan may be changing its intervention playbook, but that might not be enough to rescue the battered Yen. With USD/JPY hovering at four-decade highs, the currency’s weakness is being driven less by speculative pressure and more by a powerful structural force: the wide US-Japan rate gap.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.