The post GBP/USD advances past 1.3450 on soft USD despite Mid-East tensions appeared on BitcoinEthereumNews.com.

The Pound Sterling (GBP) posts modest gains on Tuesday during the North American session as the Greenback remains weaker even though tensions in the Middle East remain high, despite US President Trump’s comments that the end of the war is near. At the time of writing, GBP/USD trades at 1.3467 after hitting a daily high of 1.3483. Sterling boosted by risk-on mood, traders eye US CPI Market mood improved with US equities aiming higher, as investors remain confident that US President Donald Trump would end the war, even though Iran’s new regime reaffirmed they’re not looking for a truce. In the meantime, hostilities notched a level up as the Pentagon said that they’re conducting the most intense day of attacks against Iran and won’t give up until the Islamic Republic is defeated, as read in a Bloomberg article. The eruption of the Middle East conflict struck inflation fears; hence, market participants had priced out a rate cut by the Bank of England (BoE) at the March 19 meeting. As of writing, money markets expect the BoE to hold rates, with odds standing at 88%. US jobs and housing data, fare better than expected In the US, the economic docket featured the US ADP Employment Change 4-week average, which came at 15.5K, up from the previous week’s 12.8K reading. Other data revealed that Existing Home Sales increased in February, exceeding estimates for a -5.9% contraction, rose 1.7%, up from January’s -8.4% plunge. Expectations that the Federal Reserve (Fed) will reduce rates this year have moderated somewhat. Investors seem confident that the Fed will cut rates by 40 basis points towards the end of the year, according to Prime Market Terminal. On Wednesday, the US economic docket will feature the release of February’s Consumer Price Index (CPI). If the reading exceeds the…

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Filed under: News - @ March 10, 2026 4:27 pm