Pound Sterling Price News and Forecast: GBP/USD steadies as Iran deadlock keeps Dollar bid in check

GBP/USD steadies as Iran deadlock keeps Dollar bid in check

GBP/USD holds steady on Wednesday as geopolitical tensions remain high amid the lack of progress toward resuming negotiations between the US and Iran. An absent economic schedule in the US, keeps traders leaning on the latest UK inflation figures, which showed the effects of the energy shock. The pair trades at 1.3514, mostly unchanged. Read More…

GBP/USD nudges higher on UK inflation as firm US data restrain Pound

GBP/USD trades around 1.3515 on Wednesday, gaining a modest 0.06% at the time of writing, as investors digest the latest inflation figures from the United Kingdom (UK) and assess the outlook for monetary policy on both sides of the Atlantic. Read More…

GBP/USD slips back as US data offsets Iran ceasefire risk-on boost

GBP/USD slid 0.15% on Tuesday, settling close to 1.3500 after a volatile session that traded a roughly 60-pip range. Price unwound twice during European and US trade with sharp downside candles, only to bounce back off the lows on each occasion before recovering modestly into the close. Read More…