Pound Sterling Price News and Forecast: Steadies near 1.3500 as Hormuz tensions curb upside today

GBP/USD steadies near 1.3500 as Hormuz tensions curb upside today

GBP/USD steadies at around 1.3500 as tensions in the Middle East rise with the US and Iran escalating the conflict as both began to seize ships or oil vessels near the Strait of Hormuz. Meanwhile, a Pakistani official revealed that negotiations between Washington and Tehran had frozen. Read More…

GBP/USD stabilizes as UK PMI-driven Pound support meets steady US Dollar demand

GBP/USD trades around 1.3500 on Thursday, virtually unchanged on the day, after recovering earlier losses following the release of stronger-than-expected UK activity data. Read More…

GBP/USD Price Forecast: Tests nine-day EMA support after slipping below 1.3500

GBP/USD remains subdued for the third successive day, trading around 1.3500 during the Asian hours on Thursday. The technical analysis of the daily chart indicates a potential for bearish reversal as the pair moves below the ascending channel pattern. Read More…