The Pound to Dollar (GBP/USD) exchange rate traded in a narrow range on Thursday, as stronger UK PMI data was offset by a cautious, risk-off market mood. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.34676 (-0.24%)Euro to Dollar (EUR/USD): 1.16859 (-0.17%)Dollar to Japanese Yen (USD/JPY): 159.7115 (+0.14%) DAILY RECAP: The.
GBP/USD steadies near 1.3500 as Hormuz tensions curb upside today
Markets are once again on tenterhooks awaiting new developments in the US-Iran stalemate, with neither side willing to commit to talks or escalate military actions. While fresh developments are possible, even likely, heading into the weekend, it's clear that general interest in the war is waning:
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 stabilizes as UK PMI-driven Pound support meets steady US Dollar demand
The US Dollar Index (DXY) rebounds to $98.65 as Middle East tensions and stalled peace talks spark safe-haven demand. Will the dollar clear the $98.80 resistance?
When is the UK Services PMI and how could it affect GBP/USD?
GBP/USD: Sideways trade inside broad band – UOB
Pound Sterling Price News and Forecast: GBP/USD may rebound toward the two-month high of 1.3599
GBP/USD Price Forecast: Tests nine-day EMA support after slipping below 1.3500
GBP/USD holds near 1.35 as UK PMIs and retail sales loom
During today's session, a consistent neutral bias has continued to shape GBP/USD price action in the short term, with the pair showing barely a 0.1% variation. This highlights a clear sense of market balance.