GBP/USD recoils as Hormuz risks lift US Dollar and WTI
GBP/USD falls on Monday as tensions in the Middle East remain high, as Iran threatens the US Navy not to enter the Strait of Hormuz, amid growing speculation that Tehran launched missiles at a US warship. At the time of writing, the pair trades at 1.3531, slightly down 0.34%. Read More…
GBP/USD drifts below 1.3550 as rising US-Iran tensions sour sentiment
The Pound (GBP) reverses initial gains against the US Dollar (USD) on Monday and extends its correction from Friday’s highs above 1.3650, to session lows below 1.3550. Concerns about escalating tensions in the Middle East have hammered investors’ appetite for risk and are boosting support for the safe-haven USD. Read More…
GBP/USD surges past 1.3600 as Yen intervention batters Dollar
GBP/USD clears the 1.3600 barrier, up over 0.50%, as the Greenback gets battered for the second straight day amid speculation that Japanese authorities continued an intervention in the FX space to prop up the Yen. At the time of writing, the pair trades at 1.3650, up 0.38% near a ten-week high. Read More…
