GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
The US Dollar pulled back across major pairs as a conditional US-Iran ceasefire reduced geopolitical tensions and safe-haven demand. DXY struggles below $99 while EUR/USD holds inside a bearish channel near $1.1690 and GBP/USD faces resistance at $1.358.
EUR/GBP: Political strains and BoE doubts – Commerzbank
The Pound to Australian Dollar (GBP/AUD) exchange rate traded in a volatile range last week as geopolitical tensions and central bank expectations drove mixed sentiment. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 1.89237 (+0.24%)Pound to Dollar (GBP/USD): 1.35411 (+0.08%)Australian Dollar to Dollar (AUD/USD): 0.71556.
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GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
GBP/USD drifts below 1.3550 as rising US-Iran tensions sour sentiment
The US Dollar gains as Middle East tensions and high energy prices fuel safe-haven demand. Will the Fed's hawkish stance continue to pressure EUR/USD and GBP/USD?
Pound Sterling Price News and Forecast: GBP/USD gains ground to near 1.3600 early European session
Exchange Rates UK Research's latest April-May 2026 poll of major investment banks shows the pound-to-dollar exchange rate is expected to average around 1.33–1.34 in Q2 this year, below the current spot near 1.3576, with forecasts ranging widely from 1.27 on the downside to 1.40–1.45 on the upside over the longer term. The data.