GBP/USD remains stable around 1.3450 during the early Asian session on Monday. The US initiated a fresh series of strikes against Iran on Sunday, thereby prolonging its military operations into a ninth consecutive night. Andy Burnham ascends to the position of UK Labour leader, marking a pivotal step prior to his potential assumption of the … Read more
GBP/USD trades at 1.34744, reflecting a modest increase of 0.05% during the session, following a volatile week characterised by a rally to a multi-week high exceeding 1.3560, which was subsequently retraced almost entirely. The 50-period moving average is positioned at 1.34840. The 200-period is positioned at 1.34700. Spot is positioned between them, 9.6 pips beneath … Read more
Cable trades at 1.350171, reflecting an increase of 0.79% during the session — marking its strongest print since the highs observed in January and representing the first significant test of the 1.35 level in several months. The pair was positioned at 1.3401 during Wednesday’s European session, recorded at 1.3394 on July 12, and noted at … Read more
GBP/USD trades at 1.3387, reflecting an increase of 0.28%, following a Tuesday close at 1.3407, which marked a 0.44% gain that brought the pair back to mid-June levels.The pound experienced a rebound from an overnight low of 1.3369 on Monday, reaching 1.3391 prior to the release of U.S. inflation data. It has since recovered 1.68% … Read more
GBP/USD held at 1.3389 on Monday, finding support near 1.3370 and maintaining its recovery near 1.3400, as sterling rebounded from the weekend’s risk-off shock while the dollar’s safe-haven appeal diminished in light of Iran mediation signals. The contrast with the euro is noteworthy: while EUR/USD remains at one-year lows near 1.1390, cable has managed to … Read more
GBP/USD held at 1.3389 on Monday, finding support near 1.3370 and maintaining its recovery near 1.3400, as sterling rebounded from the weekend’s risk-off shock while the dollar’s safe-haven appeal diminished in light of Iran mediation signals. The contrast with the euro is noteworthy: while EUR/USD remains at one-year lows near 1.1390, cable has managed to … Read more
GBP/USD demonstrated its resilience on Wednesday. While the euro was pulled down to its 1.1400 critical support level due to the Iran shock, cable managed to rise above 1.3450 during the European session, as the renewed tensions in the Middle East did not provide any impetus for the U.S. dollar. Trump declared the Iran ceasefire … Read more
Attacks on ships in the Hormuz Strait have resulted in an increase in oil prices, thereby bolstering demand for the US dollar. The NY Fed survey indicates that households anticipate an increase in inflation. Burnham’s fiscal pledge constrains the potential for intensified political pressure on Sterling. The Pound Sterling retreats against the US Dollar on … Read more
GBP/USD eases below 1.3350 on Monday, following a seven-day rally. Recent tensions in the Strait of Hormuz have negatively impacted market sentiment during what was otherwise a tranquil beginning to the week. The pair continues to trade within a descending channel. The British Pound ticks lower against the US Dollar Monday, attempting to close a … Read more
GBP/USD commenced the third quarter hovering around the $1.325 mark, positioned close to a seven-month low following a 1.4% decline against the dollar in June. The pound retreated from a nearly two-week peak near 1.3275 reached in the previous session, declining towards 1.3235 as the dollar strengthened and the Bank of England’s dovish stance continued … Read more
