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Jun 15 - 03:55 AM

GBP/USD - Rises After US, Iran Reach Peace Deal

By Robert Howard  —  Jun 15 - 02:47 AM

• Cable rose to 1.3460 in Asia as safe-haven dollar weakened on US-Iran peace deal

• 1.3460 is the highest level since June 5 (1.3483 was high that day, pre-NFP data)

• Friday's NY session range was 1.3390-1.3423 (Thursday low was 1.3325)

• First Fed meeting chaired by Warsh this week (Tuesday-Wednesday)

• BoE rate hold expected this week. Bailey defends BoE decision to reduce gilt holdings

• CFTC data: net GBP short rose by 22% to 64,213 contracts in week to June 9

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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