Pound Sterling Price News and Forecast: Rises as fragile ceasefire lifts risk appetite, trims USD

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GBP/USD rises as fragile ceasefire lifts risk appetite, trims USD

The Pound Sterling (GBP) rises by over 0.20% against the US Dollar (USD) as risk appetite improves. The ceasefire between the US and Iran, although fragile, is holding, pushing Oil prices and the USD lower and US equities higher. Hence, the risk-sensitive GBP/USD pair trades at 1.3560, with buyers eyeing 1.3600. Read More...

GBP/USD Price Forecast: Weakens below 1.3550, but maintains bullish bias above key averages

The GBP/USD pair loses ground to near 1.3520 during the early European session on Tuesday. Rising geopolitical tensions after reports of Iranian missile strikes against US naval vessels near the Strait of Hormuz boost a safe-haven currency such as the US Dollar (USD) and act as a headwind for the major pair. Read More...

GBP/USD pulls back as risk-off mood drives Monday decline

GBP/USD declined around 0.35% on Monday, settling near 1.3530 after a sharp rejection from the 1.3600 handle dragged the pair lower through choppy afternoon trade. Price had peaked above 1.3650 during Friday's NY session, but Monday's broad-based drift carved a session low close to 1.3510 as last week's bullish momentum waned. Read More...

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GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

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