Pound Sterling Price News and Forecast: GBP/USD rises as US-Iran accord sends Oil plunging

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British Pound rises as US-Iran accord sends Oil plunging

The Pound Sterling (GBP) advances by 0.31% on Monday as risk appetite improves following an agreement reached between the US and Iran, which is expected to be signed on Friday in Geneva, Switzerland. Both parties announced the deal, a headwind for the US Dollar (USD), which has fared well amid geopolitical uncertainty and inflationary scenarios. At the time of writing, the GBP/USD pair trades at 1.3436. Read More...

British Pound picks up amid peace hopes with central banks coming into focus

The British Pound (GBP) has drawn support from the US Dollar’s (USD) weakness, amid a brighter market mood on Monday, to hit a fresh 10-day high at 1.3460. The pair, however, remains trapped within the trading range from the last four weeks, as investors' focus shifts to monetary policy. 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. Read More...

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FXStreet Team

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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.

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