British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment

British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment

The British Pound (GBP) strengthens against the US Dollar (USD) on Monday, with GBP/USD climbing toward the 1.3500 mark as improving optimism surrounding a possible US-Iran agreement boosts market sentiment and weighs on the Greenback. At the time of writing, the pair is up 0.54% on the day, hovering near its highest level since May […]

Key 6.7820 support against US Dollar in focus – UOB

Key 6.7820 support against US Dollar in focus – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH has slipped toward the lower end of its recent range after trading tightly between 6.7923 and 6.8033. They see rapidly increasing downward momentum that could test major support at 6.7820, though it is unclear if a clear break will occur, and still frames price […]