Pound Sterling Price News and Forecast: GBP/USD turns positive for the second straight day

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GBP/USD Price Forecast: Bulls likely to target 1.3600 as USD weakens on US-Iran peace hopes

The GBP/USD pair attracts some dip-buyers in the vicinity of the 1.3500 psychological mark and climbs to over a one-week top during the Asian session on Monday. Spot prices currently trade just below mid-1.3500s, up 0.10% for the day, and seem poised to appreciate further.

The US Dollar (USD) turns lower in reaction to the optimism led by reports that Iran gave the ‌US a new proposal on the reopening of the Strait of Hormuz and the ending of the war. Furthermore, sliding Oil prices ease inflationary concerns and temper hawkish US Federal Reserve (Fed) expectations, which exerts additional pressure on the USD and acts as a tailwind for the GBP/USD pair. Apart from this, bets for further policy tightening by the Bank of England (BoE) this year underpin the British Pound (GBP) and validate the positive outlook for the currency pair. Read more...

Pound Sterling loses ground as US–Iran peace talks stall

GBP/USD remains in the negative territory after trimming daily losses, trading around 1.3520 during the Asian hours on Monday. The pair faced pressure as the risk-sensitive Pound Sterling (GBP) weakened amid stalled US–Iran peace talks.

US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran, Bloomberg reported on Sunday. "If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines," said Trump. Trump on Saturday also told Jared Kushner and Steve Witkoff to skip the trip to Pakistan, which is mediating talks, saying that Iran “offered a lot, but not enough. Iranian President Masoud Pezeshkian stated that his nation won’t enter “imposed negotiations under threats or blockade.” Read more...

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USD/JPY stays below 160.50 as markets assess BoJ decision

USD/JPY fluctuates in a relatively narrow range above 160.00 on Tuesday as markets assess the Bank of Japan's (BoJ) decision to raise the policy rate by 25 at the June meeting. Meanwhile, investors keep a close eye on news coming out of the Middle East, while preparing for the critical Fed meeting.

AUD/USD trades in tight channel near 0.7050 despite hawkish RBA message

AUD/USD trades modestly lower on the day at around 0.7050 on Tuesday as markets adopt a cautious stance amid a lack of details surrounding the US-Iran peace agreement. The Reserve Bank of Australia (RBA) left the door open for possible policy tightening after leaving the interest rate unchanged, as expected, at the June meeting but failed to boost the Australian Dollar.

Gold trims gains, approaches $4,300

Gold now surrenders part of its initial advance and recedes to the vicinity of the $4,350 mark per troy ounce on Tuesday. The early enthusiasm sparked by the US-Iran peace deal has faded somewhat, prompting investors to adopt a more prudent stance as they await further details of the agreement and key guidance from the Fed.

Why a hawkish RBA is no longer enough to lift the Australian Dollar

The Reserve Bank of Australia delivered more than what markets expected: a hawkish hold that should have supported the Aussie. But markets widely ignored it.

BoJ just hiked and US-Iran deal is on the table: Why Japanese Yen is still around 160.00

The Bank of Japan lifted interest rates from 0.75% to 1.00%, its highest level in more than three decades. The landmark move aims to stabilize a sharply weakening Japanese Yen, but by looking at the immediate market reaction, it doesn’t look like it’s going to work.

Why a hawkish RBA is no longer enough to lift the Australian Dollar

The Reserve Bank of Australia delivered more than what markets expected: a hawkish hold that should have supported the Aussie. But markets widely ignored it, focusing instead on slowing economic growth and proving that central bank messaging alone isn’t always enough to drive currencies.