Pound Sterling Price News and Forecast: GBP/USD jumps to near 1.3460

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GBP/USD Price Forecast: US-Iran reaches deal supports advance beyond 20-day EMA

The GBP/USD pair trades 0.35% higher to near 1.3460 during the late Asian trading session on Monday. The Cable extends its week-long advance as market sentiment improves further, following the announcement that the United States (US) and Iran have reached a deal.

At press time, S&P 500 futures are up over 1% and Asian stock markets are exhibiting a broad rally, reflecting a strong risk appetite of investors. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.4% lower at near 99.40. Read more...

British Pound rises as market sentiment improves on US-Iran peace deal

GBP/USD gains ground after registering minor losses in the previous day, trading around 1.3450 during the Asian hours on Monday. The pair rises as the US Dollar (USD) declines amid easing risk aversion following the reports that the United States (US) and Iran have agreed on a peace deal to end the war and reopen the Strait of Hormuz.

The New York Times reported on Sunday that the US President Trump said that the agreement he reached with Iran would ultimately ensure that the Strait of Hormuz is “permanently toll-free.” Read more...

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