GBP/USD rises above 1.3300 as Trump’s remarks improve sentiment

The pound sterling (GBP) gained more than 0.70% on Wednesday as risk appetite improved amid speculation about an end to the conflict in the Middle East, following US President Donald Trump’s announcement: “We will be leaving Iran quite soon.” GBP/USD is trading above 1.3300 after rebounding from intraday lows of 1.3216. Read more…

GBP/USD price forecast: gains near 1.3300, fresh weekly high on weaker USD

GBP/USD can be seen to be based on an overnight rebound from the 1.3160 ​​area, the lowest level in over four months, and gaining strength for the second day in a row. This momentum pushes spot prices to around 1.3300, a fresh weekly high at the start of the European session, and is sponsored by further selling in US dollars (USD). Read more…

GBP/USD has been falling sharply for five days on Iran’s peace hopes ahead of key US data

The GBP/USD pair rose 0.32% on Tuesday in volatile trading, closing near 1.3230 after swinging between a session low near 1.3160 ​​and a high near 1.3260. The gain snapped a five-day losing streak, although the rebound was unconvincing and left the price well below key moving averages. Tuesday’s candle cut a long lower wick, suggesting downside buying interest is emerging near the bottom of the pair’s recent range, but the picture remains dominated by a broader pullback from January highs at 1.3870 to a recent low at 1.3010. Read more…