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GBP/USD Overview. May 12. The British Pound is Ready for a Surge at Any Moment
The GBP/USD currency pair also traded
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The GBP/USD currency pair also traded quite calmly on Monday. At the market open, the pair lost about 80 pips (more than the EUR/USD pair), but it had another reason for the drop. Over the weekend, both the US and Iran once again violated the ceasefire, firing at each other, and another round of negotiations ended in failure. Additionally, Keir Starmer's party suffered a heavy defeat in local elections, with the Labour Party losing several hundred seats in local councils.
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Paolo Greco,
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