Pound Sterling Price News and Forecast: GBP/USD falls as Iran deal doubts, weak UK PMI bite

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British Pound falls as Iran deal doubts, weak UK PMI bite

The GBP/USD fell by some 0.20% on Thursday amid concerns that the US and Iran couldn’t reach a deal, while strong US economic data was a headwind for Sterling, which dipped amid weakening UK business activity. At the time of writing, the pair trades at 1.3406 after peaking near 1.3454. Read More...

British Pound trades cautiously against the Japanese Yen ahead of Japan CPI and UK Retail Sales

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as traders digest the latest preliminary PMI data from both the United Kingdom and Japan. At the time of writing, GBP/JPY is trading around 213.40, hovering near one-week highs. Read More...

British Pound declines against US Dollar as US-Iran deal optimism fades

The British Pound is down 0.13% to near 1.3415 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair faces selling pressure as optimism towards the United States (US)-Iran deal fades, following comments from Iran’s Supreme Leader that near-weapons-grade uranium must stay in Iran. Read More...

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FXStreet Team

FXStreet

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.

GBP/USD looks vacillating near 1.3550

GBP/USD alternates gains with losses in the mid-1.3500s on Tuesday. Cable’s vacillating price action follows humble gains in the Greenback at the time when investors assess latest US data releases and the persistent uncertainty in the US-Iran crisis.

EUR/USD hovers around 1.1600 post-US data

EUR/USD trades slightly on the defensive, gyrating around the 1.1600 level on turnaround Tuesday. The pair’s daily correction comes on the back of a decent bounce in the US Dollar despite both the US ISM Manufacturing PMI and JOLTs Job Openings missed estimates.

Gold trims losses; bears still look at $4,300

Gold extends Monday’s pessimism and slipped back to nearly three-week lows just above the $4,300 mark per troy ounce on Tuesday. The US Dollar’s rebound couple with rising US Treasury yields weigh on the precious metal despite tensions in the Middle East appear far from abated.

Crypto Today: Bitcoin, Ethereum, XRP struggle to extend gains despite ETF inflows

Bitcoin stalls while holding above $78,000 support as ETF inflows return. Ethereum takes a breather around $2,450 amid sustained institutional support. XRP remains pressured as the 200-day EMA provides immediate support.

Global bond market sell off haunts markets

Global sovereign bonds are selling off as we start a new month. The UK is, unsurprisingly, taking the biggest hit. Two and 10-year yields rose by 10 basis points at one point on Tuesday, and are currently higher by 7 and 8bps respectively.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.