GBP/USD Holds Near 1.34 as Oil Shock Clouds Outlook
GBP/USD is currently at 1.34111, having declined from recent peaks, amidst a market scenario where two opposing forces are influencing Sterling concurrently. The energy-driven inflation shock stemming from the Iran war is influencing the Bank of England’s rate cut expectations, thereby offering yield support for the pound. Conversely, the recent increase in oil prices that … Read more









