Pound Sterling Price News and Forecast: Tops 1.3400 as fragile truce keeps Sterling bid aloft

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GBP/USD tops 1.3400 as fragile truce keeps Sterling bid aloft

The GBP/USD pair advances past the 1.3400 figure on Thursday amid deteriorating risk appetite. The Middle East ceasefire seems fragile, as Israel strikes Lebanon amid the conflict with Hezbollah. At the time of writing, the pair trades at 1.3441, up 0.36%. Read More...

GBP/USD Price Forecast: Strives to hold key 20-day EMA

The Pound Sterling trades in a tight range around 1.3400 against the US Dollar (USD) during the Asian trading session on Thursday. The GBP/USD pair consolidates as investors doubt over the sustainability of the ceasefire between the United States (US) and Iran on early Wednesday in the wake of continued attacks by Israel on Iran-backed Hezbollah in Lebanon. Read More...

GBP/USD pulls back from 1.3485 as fragile ceasefire clouds outlook

GBP/USD surged more than 1% on Wednesday after the US and Iran agreed to a Pakistan-brokered two-week ceasefire, pushing Cable to a session high close to 1.3485. The rally faded through the North American session, however, with the pair slipping back to the 1.3400 region as doubts over the deal's durability mounted. Vice President JD Vance described the agreement as a "fragile truce," and Israel launched its largest assault on Lebanon since the war began, declaring the Hezbollah front excluded from the terms. Read More...

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GBP/USD remains slightly bid near 1.3300

GBP/USD now advances marginally and manages to dispute the 1.3300 region on Tuesday. Indeed, Cable regains some balance on the back of the lacklustre performance of the Greenback, all preceding the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD clings to gains around 1.1400

EUR/USD bounces off earlier multi-week lows and remains close to the 1.1400 region on Tuesday. The pair’s decent advance follows hopes of a more sustainable deal between the US and Iran, which in turn keeps the downside pressure on the US Dollar ahead of the key Fed meeting on Wednesday.

Gold meets contention near $4,000

Gold remains under marked downside pressure on Tuesday, although the $4,000 zone per troy ounce emerges as a decent support for now. The precious metal’s pullback comes despite the modest losses in the US Dollar in a context of easing geopolitical tensions ahead of the key Fed event on Wednesday.

Bitcoin slips below $64,000 as risk-off sentiment grips markets

Bitcoin (BTC) is extending its correction, trading below $64,000 at the time of writing on Tuesday after losses of over 2.5% the previous day. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) recording a mild outflow on Monday, marking three consecutive days of withdrawals.

Indian Rupee outlook: Downtrend set to persist – Just at a slower pace

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US Dollar mid-year outlook: Exceptional currency, exceptional risks?

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