Pound Sterling rises on Russia-Ukraine peace optimism, US-Iran talks awaited
The Pound Sterling (GBP) trades higher against its major currency peers, except other European currencies, edging up to near 1.3444 against the US Dollar (USD) during the European trading session on Friday.
The British currency gains on hopes that Russia and Ukraine could reach a peace deal after a four-year long bloodiest war. A Bloomberg report showed that a senior adviser to Ukrainian President Volodymyr Zelenskyy said that Ukraine is close to reaching a peace deal with Russia. Read more…
GBP/USD: Upside risk hinges on 1.3480 close – UOB
United Overseas Bank’s (UOB) economists Quek Ser Leang and Lee Sue Ann highlight a still-positive short-term outlook for GBP/USD after recent gains above 1.3450. They see scope for the Pound (GBP) to advance toward 1.3520, but stress that a daily close above 1.3480 is required. Strong support has been raised to 1.3330, while intraday trade is expected within a 1.3390–1.3465 range.”On Wednesday (08 Apr, spot at 1.3400), we indicated that “while the short-term rally appears overdone, there is scope for GBP to rise to 1.3480.”” Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-rises-on-russia-ukraine-peace-optimism-202604101326
