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…
