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Latest Market Update

 

GBP Market Update

09 May 2026 • 01:15 GMT

GBP/USD 1.3633

The British pound is trading near 60-day highs against the dollar, supported by a weaker US dollar amid hopes for US-Iran negotiations and reduced safe-haven demand. Despite UK political uncertainties, the pound remains resilient and above its three-month average, with market focus on UK inflation, potential BoE moves, and geopolitical developments impacting near-term movements.

📊 Quick forecast view

🔴 Mild downside

1.3460 – 1.3700

⚖️ Interest-rate differentials

🔴 Downtrend

 

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