Pound Sterling Price News and Forecast: GBP/USD falls as Middle East war continues to escalate

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GBP/USD Price Analysis: Pound falls as Middle East war continues to escalate

The GBP/USD pair is trading near the 1.3350 level, losing ground for the third consecutive day amid intensifying tensions in the Middle East. On Wednesday, the International Energy Agency (IEA) agreed to release around 400 million barrels of Oil from member countries’ strategic reserves to tame energy prices. Read More...

GBP/USD Price Forecast: Trades below 1.3400 after pulling back from nine-day EMA

GBP/USD extends its losses for the third successive session, trading around 1.3380 during the early European hours on Thursday. The near-term bias stays mildly bearish as spot holds below the declining nine-day Exponential Moving Average (EMA) and now trades under the flatter 50-day EMA, signalling fading upside momentum after the rejection from the mid-1.36s. Read More...

GBP/USD steadies near 1.34 despite Oil shock, hot US inflation

The Pound Sterling (GBP) remains firm during the North American session on Wednesday, even though the Middle East conflict entered its twelfth day of hostilities. Inflation in the US boosted the Greenback’s prospects, yet GBP/USD trades at around 1.3400, virtually unchanged. Read More...

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