Pound Sterling Price News and Forecast: Nears 1.3600 as Hormuz reopening dents US Dollar

GBP/USD nears 1.3600 as Hormuz reopening dents US Dollar

GBP/USD advances during the North American session on Friday as breaking news revealed Iran’s reopening of the Strait of Hormuz following the agreement of a ceasefire in Lebanon, which pushed the British Pound (GBP) to a daily high near 1.3600. At the time of writing, the pair trades at 1.3567, up 0.36%. Read More…

GBP/USD Price Forecast: 50% Fibo retracement near 1.3500 acts as key support zone

The Pound Sterling (GBP) trades almost flat against the US Dollar (USD) at around 1.3530 during the European trading session on Friday. The GBP/USD pair consolidates as the US Dollar gains temporary ground, while investors seek further development on negotiations between the United States (US) and Iran regarding a permanent ceasefire. Read More…

GBP/USD slips again as UK production data disappoints

GBP/USD gave up recent gains on Thursday, falling around 0.25% to settle close to 1.3525 after slipping back below the 1.3550 handle. Price drifted lower through the European and North American sessions in a steady grind rather than an impulsive move, with sellers leaning against intraday rallies. The pullback unwinds a portion of the rebound that followed Wednesday’s spike toward 1.3600, with candle structure showing persistent supply on bounces. Read More…