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Dollar Soars on Iran Conflict and Surging Oil, Dragging GBPUSD Lower Amid Inflation Concerns

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The Story

News Summary

  • Dollar strengthens on fading Middle East ceasefire hopes and rising oil prices, pressuring GBPUSD lower amid geopolitical and inflation concerns.
  • US jobless claims rise slightly, supporting Fed rate hold, while markets brace for ECB and BOE rate hikes amid inflation risks.
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GBPUSD price history

1.35 +1.50% over the displayed period

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