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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GBP/USD advaces beyond 1.3450 after BoE decision, US Q2 GDP

GBP/USD gains positive momentum on Thursday, surpassing 1.3450 and trading at fresh multi-week highs. The Bank of England decided to maintain the benchmark rate unchanged at 3.75%. The MPC voted 6-3 to keep rates on hold, with the 3 dissenters favoring a rate hike. US Q2 GDP missing expectations helped the pair advance, while renewed US Dollar weakness across the FX board pushed the pair further up ahead of the monthly close.

EUR/USD confortable around 1.1530, highest in six weeks

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Gold: Looks to snap four-month losing streak but sellers refuse to give up

Gold fails to hold above $4,100 once again as sellers return early Friday. The US Dollar rebounds on fresh US-Iran tensions and month-end profit-taking. Gold closed above $4,100 on Thursday, but the daily RSI remains below 50.

Why is IDR near historic lows despite Bank Indonesia's 5.75% rate?

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

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.