On the hourly chart of GBP/USD at FXOpen, the pair gained pace for a move toward 1.3300. The British Pound even climbed above 1.3450 before the bears appeared against the US Dollar.
The Pound US Dollar (GBP/USD) exchange rate rallied last week, with the pairing climbing sharply as markets reacted to the US-Iran ceasefire and a broad improvement in risk sentiment. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.3461Euro to Dollar (EUR/USD): 1.17247Dollar to Japanese Yen (USD/JPY): 159.2685 WEEKLY.
The Pound Euro (GBP/EUR) exchange rate was choppy last week, initially weakening before rebounding as markets reacted to the announcement of a US-Iran ceasefire. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.14809Pound to Dollar (GBP/USD): 1.3461Euro to Dollar (EUR/USD): 1.17247 WEEKLY RECAP: The Pound (GBP) started the week.
Pound Sterling bounces off low; GBP/USD lacks follow-through beyond 1.3400 on firmer USD
Pound Sterling Price News and Forecast: GBP/USD falls as the US Dollar gains on increased risk aversion
Peace talks between the US and Iran in Pakistan have collapsed over the weekend, prompting Donald Trump to threaten a full blockade of the Strait of Hormuz, sending crude oil surging over 8% on the open as geopolitical risk premiums unwound last week are quickly reinstated by traders. However, this move is not unfamiliar since the Iran war began, potentially limiting the probability of a full-scale risk rout in Asia.
Pound Sterling Price News and Forecast: GBP/USD climbs as Pakistan talks boost risk mood
GBP/USD climbs as upcoming Pakistan talks boost risk mood
US dollar is sliding a bit in the early hours of Friday trading.
The pair rebounded and hit the target of 1.3485. As we see over the previous chart, the resistance of 1.3485 could lead to a drop as the first support at 1.3300-15 could push again for another advance.
GBP/USD: Upside risk hinges on 1.3480 close – UOB
Consolidations continue below 1.3483 temporary top and intraday bias in GBP/USD remains neutral. Fall from 1.3867 could have completed as a correction at 1.3158 already.