GBP/USD in Fresh Volatility as Geopolitical Tensions Drive Safe-haven Demand for U.S. Dollar
- Category: USD
The pound-dollar exchange rate climbed to 1.36 in early May, the highest level since mid-February, before slipping back to 1.3575 in Tuesday trade.
GBP/USD looks set to maintain a constructive tone during the coming week.
If these forecasts are correct, the pound isn't out of the proverbial woods yet.
Donald Trump pulls back again and abandons plans to escort shipping through the Strait of Hormuz.
