The post GBP/USD holds above 1.3300 as haven bids lift the US Dollar appeared on BitcoinEthereumNews.com.

The British Pound (GBP) holds firm during the North American session on Friday, clings above the 1.3300 figure, yet seems poised to finish the week with 0.20% losses against the US Dollar (USD). Risk aversion due to an energy shock caused by the Middle East conflict and the haven appeal of the Greenback keep GBP/USD on its way to monthly losses of more than 1%. Sterling eyes weekly loss as Oil, war worries sour sentiment anew On Thursday, US President Donald Trump announced a delay in attacks on Iran’s energy facilities for 10 days, until April 6. Initially, the markets cheered the move as Oil prices fell. Nevertheless, WTI reversed the initial drop as traders faded the news. Hence, sentiment remains dismal, with Wall Street posting losses and the Greenback poised to finish the week with gains of over 0.45%, according to the US Dollar Index (DXY). The DXY, which tracks the buck’s performance versus six other currencies, is at 99.94, virtually unchanged for the day. Adding to the sour mood was the fact that the Islamic Revolutionary Guard Corps (IRGC) shut off the Strait of Hormuz. Data from the US showed that American consumers had grown pessimistic about the economy, as the University of Michigan Consumer Sentiment Index dipped from 55.5 to 53.5, below forecasts of 54. Inflation expectations for the next twelve months jumped from 3.4% in February to 3.8%, while for the five years dipped from 3.3% to 3.2%. In the UK, Retail Sales fell in February following January’s strong performance, coming in at -0.4% MoM, a collapse from the previous month’s 1.8% growth. Aside from this, Bank of England’s Alan Taylor said the bar for hiking interest rates is quite high, revealing that holding rates is preferable until the central bank assesses the impact of Iran’s…

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Filed under: News - @ March 27, 2026 4:23 pm