The post GBP/USD holds near 1.3460 as Iran talks disappoint traders appeared on BitcoinEthereumNews.com.

The Pound Sterling remains firm on Monday as talks between Iran and the US disappointed investors, triggering a reaction from the White House, while recent news suggested that Tehran could be considering abandoning uranium enrichment, a key condition set by the US to end the war. At the time of writing, the GBP/USD trade at 1.3457. Sterling stays firm as BoE bets offset stronger Dollar tone The market sentiment improved slightly but remains mixed, as Iran is considering halting its nuclear program. Nevertheless, the US established a blockade in the Strait of Hormuz, which began at 10:00 AM EDT on April 13, aimed at blocking Iranian-flagged vessels and those from other countries leaving Iranian ports. The Wall Street Journal confirmed that the US blockade started as there are more than 15 US warships in place to support the operation, citing a senior US official. The US Dollar Index (DXY), which tracks the performance of six currencies versus the Greenback, is up 0.10% at 98.79, a headwind for the GBP/USD. Data from the US showed that Existing Home Sales fell to a nine-month low in March, from 4.09 million to 3.98 million, down 3.6% from February’s print, as reported by the National Association of Realtors. In the meantime, energy prices edged higher after breaking news that neither Washington nor Tehran reached an agreement over the weekend. In the UK, fears of an inflation spiral triggered by high petrol prices pushed traders to price in nearly 50 basis points of rate hikes by the Bank of England (BoE) in 2026. This despite comments by BoE’s Governor Andrew Bailey, who said that money markets are getting ahead of themselves, by expecting a hawkish BoE. Given the Fed’s backdrop and expectations of keeping borrowing costs unchanged in 2026, while the BoE is expected to…

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Filed under: News - @ April 13, 2026 4:28 pm