GBP/USD Forecast: The sterling pound could be corrected down if the risk flows go back
After a rebound late on Monday, the GBP/USD maintained its upward impulse on Tuesday and reached its highest level since January 2022 about 1,3650. The pair remains relatively quiet in the early hours of Wednesday and fluctuates in a narrow range slightly above 1,3600.
The risk flows continued to dominate the action in the financial markets in the first half of the day on Tuesday, since the investors celebrated the news of the Alto El Fuego between Iran and Israel. As a result, the US dollar (USD) had difficulty finding demand and allowed the GBP/USD to rise. Read more…
GBP/USD exceeds 1,3600 while the top fire is uncertain, Powell moderates the expectations of feat cuts
The pound sterling extended its profits against the US dollar on Tuesday, Since the high the fire proposed between Israel and Iran was violated by both parties, despite the warning of US President Donald Trump. However, the appetite for risk remains strong, despite the ongoing developments in the Middle East. The GBP/USD quotes above 1,3600, winning more than 0.65%, after reaching a weekly maximum of 1,3626.
Apart from the geopolitical risks, the president of the FED, Jerome Powell, said in statements prepared for his testimony at the US Congress that the feat cuts can expect, since the Central Bank studies the impact of tariffs on the economy. He said that “this year’s tariffs will probably increase prices and weigh on economic activity”, adding that the impact could be of short or persistent. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
