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GBPUSD steadies above 1.33 as Middle East tensions raise energy prices, increasing odds of a Bank of England rate hike this November, shifting market sentiment from earlier expectations of rate cuts.
The dollar weakens amid hopes for U.S.-Iran war de-escalation despite ongoing Strait of Hormuz blockade risks, while GBPUSD rises on cautious optimism and oil prices retreat from highs.
Trump's assertions of a nearing end to the Iran war eased safe-haven demand, lifting euro and sterling versus the dollar amid inflation concerns and volatile oil prices, while bitcoin gained modestly…
The US dollar paused its rally as easing Middle East war fears and strong US services data supported modest gains in EURUSD and GBPUSD, while USDCAD remained neutral amid mixed global economic signal…
GBPUSD rose to 1.338 as the dollar softened amid Iran's peace overture. BOE rate cut expectations fell sharply, while UK growth forecasts were revised lower for 2026 but remain stronger beyond.
The dollar weakened broadly due to President Trump's tariff threats on Europe, boosting the euro and pound. Safe-haven yen and Swiss franc strengthened amid risk aversion. Cryptocurrencies fell sharp…
Dollar weakness emerged after Trump's tariff threats on Europe over Greenland sparked risk aversion, boosting safe-haven yen and franc while euro and pound recovered from early losses amid uncertaint…