The British pound remains at 1.3400 as the Fed’s interest rate decision approaches
The pound sterling (GBP) remains above the 1.3400 level on Tuesday, while the US dollar (USD) gains even as geopolitical tensions ease in the wake of the US-Iran peace deal. At the time of writing, GBP/USD is trading with minimal losses of 0.03%. Read more…
The British Pound is losing a few inches on market caution ahead of US-Iran deal updates
GBP/USD is losing ground after registering diminutive gains the previous day, trading around 1.3400 during Asian hours on Tuesday. The pair is losing ground as the US dollar (USD) receives support from market caution as US-Iran peace talks continue to develop. Read more…
British Pound Sterling Round-trip Peace Rally Ahead of Fed
GBP/USD started the recent week with a keen rise in risk towards 1.3450 as the US-Iran ceasefire and the reopening of the Strait of Hormuz resulted in a decline in oil prices and a rise in risk-sensitive currencies. The entire move then unraveled, leaving the pair back near 1.3400, almost exactly where it started. The relief was genuine but shallow, and the dollar did the rest quietly at Wednesday’s Federal Reserve (Fed) meeting. Read more…
