GBP/USD eyes Middle East – Details matter to the market

GBP/USD eyes Middle East: Details matter to the market

GBP/USD traded at 1.3364 on Thursday. The pair declined over the previous two sessions and is now showing signs of a tentative recovery amid expectations of a possible de-escalation in the Middle East conflict.

The US has reportedly presented Iran with a 15-point settlement plan following discussions about a potential month-long truce. However, Iran has rejected participation in negotiations, stating that US diplomacy cannot be trusted. Read more…

GBP/USD Price Forecast: Wobbles around 1.3360 amid uncertainty over US-Iran ceasefire

The GBP/USD pair trades in a tight range around 1.3360 during the early European trading session on Thursday. The Cable consolidates as investors await clarity on whether Iran intends to pursue a ceasefire, as claimed several times by United States (US) President Donald Trump.

On late Wednesday, US President Trump stated in a fundraiser event that Iran wants deal badly, but they are afraid to do so publicly amid fears that will be killed by their own people or by the US military, Associated Press (AP) reported. Read more…