Pound Sterling Price News and Forecast: GBP/USD reclaims 1.3400 as Iran war fears ease ahead of US CPI

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British Pound reclaims 1.3400 as Iran war fears ease ahead of US CPI

The Pound Sterling (GBP) gains over 0.50% against the US Dollar (USD) on Monday as US President Donald Trump downplays a potential escalation in the US-Iran war, while traders brace for the release of the latest US inflation report following last Friday's Nonfarm Payrolls report. At the time of writing, GBP/USD trades above the 1.3400 threshold. Read More...

British Pound hits session highs at 1.3420 amid broadbased US Dollar weakness

The British Pound (GBP) is taking back most of the previous two days’ losses on Monday, favoured by the US Dollar’s (USD) weakness amid positive market sentiment. The GBP/USD pair is trading at the 1.3420 area at the time of writing after bouncing from lows below 1.3350 on Friday and with last week’s highs, near 1.3500, on the bulls’ focus. Read More...

GBP/USD Price Forecast: Holds firm above 1.3350, but remains capped below key moving average

The GBP/USD pair gathers strength to near 1.3385 during the early European trading hours on Monday. A hawkish hike from the Bank of England (BoE) provides some support to the British Pound (GBP) against the US Dollar (USD). Read More...

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