Pound Sterling Price News and Forecast: GBP/USD surges as Iran truce dents US Dollar broadly

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GBP/USD surges as Iran truce dents US Dollar broadly

The Pound Sterling (GBP) rallies on Wednesday, advancing for the third straight day this week, up more than 1.10% due to broad US Dollar (USD) weakness, sparked by an improvement in risk appetite following a two-week ceasefire between the US and Iran. At the time of writing, GBP/USD trades at 1.3431, after hitting a five-week high of 1.3484 earlier in the day. Read More...

GBP/USD Price Forecast: Reclaims two-week high around 1.3445 as sentiment improves

The Pound Sterling surges against the US Dollar (USD) on Wednesday as the market sentiment turns favorable for riskier assets, is up 1% to near 1.3445 during the early European session. The announcement by United States (US) President Donald Trump that he has suspended planned attacks on Iran’s power plants, following Tehran’s agreement to reopen the Strait of Hormuz for two weeks, has boosted the risk-on impulse. Read More...

GBP/USD surges toward 1.3400 as Iran ceasefire deflates the US Dollar

GBP/USD ripped higher on Tuesday as the US Dollar buckled under a wave of risk-on positioning triggered by President Trump's announcement of a two-week ceasefire with Iran. The pair surged from the low 1.3200s into the upper 1.3300s, reclaiming ground above both the 50 and 200-period hourly moving averages in the process. Read More...

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