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Pound Sterling Price News and Forecast: GBP/USD steadies as Iran deadlock keeps Dollar bid in check

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GBP/USD steadies as Iran deadlock keeps Dollar bid in check

GBP/USD holds steady on Wednesday as geopolitical tensions remain high amid the lack of progress toward resuming negotiations between the US and Iran. An absent economic schedule in the US, keeps traders leaning on the latest UK inflation figures, which showed the effects of the energy shock. The pair trades at 1.3514, mostly unchanged. Read More...

GBP/USD nudges higher on UK inflation as firm US data restrain Pound

GBP/USD trades around 1.3515 on Wednesday, gaining a modest 0.06% at the time of writing, as investors digest the latest inflation figures from the United Kingdom (UK) and assess the outlook for monetary policy on both sides of the Atlantic. Read More...

GBP/USD slips back as US data offsets Iran ceasefire risk-on boost

GBP/USD slid 0.15% on Tuesday, settling close to 1.3500 after a volatile session that traded a roughly 60-pip range. Price unwound twice during European and US trade with sharp downside candles, only to bounce back off the lows on each occasion before recovering modestly into the close. Read More...

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GBP/USD bounces off lows, back above 1.3200

After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now.

EUR/USD looks consolidative around 1.1460

EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained.

Gold slips back to six-day lows, targets $4,100

Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations.

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: "Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized."

The Iran war didn't break the US economy, but what happens next?

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.

Pound Sterling Price News and Forecast: GBP/USD steadies as Iran deadlock keeps Dollar bid in check

GBP/USD steadies as Iran deadlock keeps Dollar bid in check

GBP/USD nudges higher on UK inflation as firm US data restrain Pound

GBP/USD slips back as US data offsets Iran ceasefire risk-on boost

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GBP/USD bounces off lows, back above 1.3200

EUR/USD looks consolidative around 1.1460

Gold slips back to six-day lows, targets $4,100

Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

The Iran war didn't break the US economy, but what happens next?

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

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GBP/USD steadies as Iran deadlock keeps Dollar bid in check

GBP/USD nudges higher on UK inflation as firm US data restrain Pound

GBP/USD slips back as US data offsets Iran ceasefire risk-on boost

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