GBP/USD Under Pressure: Pound Lags Behind Peers

Market sentiment improved following a drop in oil prices, as investors grew hopeful that the US and Iran may reach an agreement to restore shipping through the Strait of Hormuz. Such a development would reduce inflation risks and the likelihood of further rate hikes.

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Source: Action Forex

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Category Forex

Source Action Forex

Published 1 month ago

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News ID #132

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