Pound Sterling Price News and Forecast: GBP/USD recoils as Hormuz risks lift US Dollar and WTI

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GBP/USD recoils as Hormuz risks lift US Dollar and WTI

GBP/USD falls on Monday as tensions in the Middle East remain high, as Iran threatens the US Navy not to enter the Strait of Hormuz, amid growing speculation that Tehran launched missiles at a US warship. At the time of writing, the pair trades at 1.3531, slightly down 0.34%. Read More...

GBP/USD drifts below 1.3550 as rising US-Iran tensions sour sentiment

The Pound (GBP) reverses initial gains against the US Dollar (USD) on Monday and extends its correction from Friday’s highs above 1.3650, to session lows below 1.3550. Concerns about escalating tensions in the Middle East have hammered investors’ appetite for risk and are boosting support for the safe-haven USD. Read More...

GBP/USD surges past 1.3600 as Yen intervention batters Dollar

GBP/USD clears the 1.3600 barrier, up over 0.50%, as the Greenback gets battered for the second straight day amid speculation that Japanese authorities continued an intervention in the FX space to prop up the Yen. At the time of writing, the pair trades at 1.3650, up 0.38% near a ten-week high. Read More...

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GBP/USD flirts with tops near 1.3470

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EUR/USD trims losses, back above 1.1500

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Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin, Ethereum, and Ripple trade near key technical levels on Friday as the broader cryptocurrency market pauses following last week's recovery. BTC is approaching the 50-day Exponential Moving Average while ETH continues to consolidate between two major EMAs.

Warsh needs to restore his reputation

We were glad to see our deeply negative reaction to the Warsh press conference was not some personal peculiarity. Just about everybody in the financial press felt the same way. The consensus is building it’s not the Fed in the dog-house but only Warsh. Today the WSJ changed it tune and blasted Warsh—"the honeymoon is already over..”

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

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