Pound Sterling Price News and Forecast:Weakens against US Dollar amid conflicting US-Iran headlines

FXStreet Team FXStreet

British Pound weakens against US Dollar amid conflicting US-Iran headlines

The British Pound edges lower against the US Dollar as cautious market sentiment surrounding US-Iran talks supports the Greenback. At the time of writing, GBP/USD is trading around 1.3429, remaining on the back foot for a second straight day. Read More...

British Pound holds positive bias above 1.3450 vs USD; upside potential seems limited

The GBP/USD pair attracts some dip-buyers during the Asian session on Wednesday and stalls the previous day's retracement slide from the vicinity of a nearly two-week top, levels just above the 1.3500 psychological mark. Spot prices currently trade just above mid-1.3400s, though the upside potential seems limited amid persistent geopolitical uncertainties. Read More...

Pound Sterling coils while the BoE and Fed freeze in lockstep

Cable looks dead this week, and that is not an accident. The Bank of England (BoE) and the Federal Reserve (Fed) have quietly become the same central bank. Both are sitting on their hands, both are watching above-target inflation get shoved higher by the same Middle East oil shock, both have hawkish dissenters in the room, and both now face a market pricing the next move as a hike rather than a cut. When two policy paths line up this neatly, the interest rate differential that gives GBP/USD its direction simply stops moving, and the pair is left to grind sideways while everyone waits for one side to blink. Read More...

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