GBP/USD found a slight rebound to muscle back above 1.3450 on Thursday.
Despite near-term Greenback strength on geopolitical concerns, markets took a break during the midweek US holiday session.
Israel-Iran tensions continue to rise, and the Trump administration is drawing out a decision on getting involved directly.
GBP/USD found some room on the high side on Thursday, climbing back above the 1.3450 level after catching an early technical bounce from the 1.3400 handle. Broad-market flows have favored the US Dollar recently as Middle East tensions continue to rise, but US markets were dark for a national holiday on Thursday, giving Cable some room to breathe and easing off of USD bidding.
Despite near-term Greenback strength on geopolitical concerns, markets took a break during the midweek US holiday session.
Israel-Iran tensions continue to rise, and the Trump administration is drawing out a decision on getting involved directly.
GBP/USD found some room on the high side on Thursday, climbing back above the 1.3450 level after catching an early technical bounce from the 1.3400 handle. Broad-market flows have favored the US Dollar recently as Middle East tensions continue to rise, but US markets were dark for a national holiday on Thursday, giving Cable some room to breathe and easing off of USD bidding.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.