GBP/USD holds above 1.3300 as haven offers push the price of the US dollar higher

The British Pound (GBP) held steady during Friday’s North American session, holding above the 1.3300 level, but looks set to end the week with a loss of 0.20% against the US Dollar (USD). Risk aversion from the energy shock caused by the Middle East conflict and the attractiveness of the Australian dollar have GBP/USD on track for monthly losses of more than 1%. Read more…

GBP/USD Price Forecast: Breaks Three-Day Losing Streak as Market Sentiment Improves

On Friday, GBP/USD broke its three-day losing streak, rising 0.1% to near 1.3345 during the Asian trading session. Cable is rising as market sentiment turns favorable for riskier assets after US President Donald Trump extended a pause in planned attacks on Iranian power plants until April 6, boosting hopes for de-escalation of conflicts in the Middle East. Read more…

GBP/USD falls as Iran oil shock clouds BoE interest rate outlook

GBP/USD fell about 0.1% on Thursday, settling around 1.3340 in a volatile session. For most of March, the pair traded in a roughly 200-pip range between 1.3230 and 1.3430, with a series of lower highs since the delayed January peak near 1.3820 indicating a gradual loss of upward momentum. Thursday’s candle showed a brief downward spike towards 1.3310 during the US session before buyers moved in to recoup some losses. Read more…