Pound Sterling declines as Hormuz blockade fears lift risk-off mood
GBP/USD halts its five-day winning streak, trading at a gap down around 1.3390 during the Asian hours on Monday. The risk-sensitive pair faces challenges on renewed risk aversion following the failure of the United States (US)-Iran peace talks.
The safe-haven demand boosted the US Dollar (USD) against its major peers after Vice President JD Vance confirmed US–Iran talks in Islamabad ended without a deal following 21 hours of negotiations. Read more…
GBP/USD Weekly Forecast: Technicals turn slightly bullish for Pound Sterling amid Mideast drama
The Pound Sterling (GBP) staged a stellar recovery from near four-month lows against the US Dollar (USD) and clinched two-month highs just shy of the 1.3500 threshold.
The week started with the domination of safe-haven flows and the risk-sensitive Pound Sterling in multi-month troughs. Markets remained nervous as they weighed US President Donald Trump’s social media threat posted on Sunday, in which he ratcheted up pressure on Iran, while extending the deadline to reopen the Strait of Hormuz to Tuesday at 8 PM Eastern Time or Wednesday 00:00 GMT. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-falls-as-the-us-dollar-gains-on-increased-risk-aversion-202604130440
