British Pound holds firm as US-Iran tensions boost Greenback
The Pound Sterling steadies on Monday as speculation of a peace deal between the US and Iran fades, following weekend exchanges of fire that are a headwind for GBP/USD, which trades near 1.3445 at the time of writing. Read More…
GBP/USD Price Forecast: Pound hesitates around 1.3450 amid geopolitical woes
The British Pound (GBP) remains practically flat against the US Dollar (USD) on Monday, trading both sides of the 1.3450 level, with investors wary of taking excessive risks. Growing tensions in the Middle East are weighing on risk appetite while USD rallies remain subdued, ahead of a string of key fundamental releases in the US. Read More…
British Pound rises even as BoE’s Bailey signals no rush for interest rate hikes
The British Pound (GBP) trades higher against its major currency peers, but is broadly flat around 1.3455 against the US Dollar (USD), during the European trading session on Monday. The United Kingdom (UK) currency gains even as Bank of England (BoE) Governor Andrew Bailey has signaled that the central bank does not need to rush for interest rate hikes, while warning that the Middle East conflict-led shock has raised concerns over the economic outlook. Read More…
