{"id":57736,"date":"2026-07-27T17:21:14","date_gmt":"2026-07-27T17:21:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/sterling-edges-higher-as-dollar-softens-on-us-iran-diplomacy-hopes-and-steady-boe-outlook\/"},"modified":"2026-07-27T17:21:14","modified_gmt":"2026-07-27T17:21:14","slug":"sterling-edges-higher-as-dollar-softens-on-us-iran-diplomacy-hopes-and-steady-boe-outlook","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/sterling-edges-higher-as-dollar-softens-on-us-iran-diplomacy-hopes-and-steady-boe-outlook\/","title":{"rendered":"Sterling Edges Higher as Dollar Softens on US\u2013Iran Diplomacy Hopes and Steady BoE Outlook"},"content":{"rendered":"<p>Sterling rose 0.15% to around 1.3345 against the US dollar in Monday\u2019s European session, as GBP\/USD pushed higher while the greenback softened. The move followed renewed expectations of a US\u2013Iran diplomatic track after a pause in Middle East military action. The US military said further strikes on Iran were unnecessary because targets had been exhausted, and the US Dollar Index (DXY) was down 0.25% to about 101.20, tracking the currency\u2019s weaker tone against a basket of six majors.<\/p>\n\n<h3>Recent GBP\/USD Performance and Market Drivers<\/h3>\n\n<p>GBP\/USD had earlier edged up 0.1% on Friday to 1.3326, while UK government bonds were described as being tugged between fiscal risks tied to Prime Minister Burnham\u2019s initial policy plans and an oil price shock.<\/p>\n\n<h3>Bank of England Outlook<\/h3>\n\n<p>A Bloomberg poll, alongside UOB\u2019s call, points to the Bank of England holding rates at 3.75%, with some upside risk of additional tightening but no near-term change framed by softer demand and signs of a loosening labour market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><b>Start trading now \u2014 click <a href=\"https:\/\/www.vtmarkets.com\/en-ca\/trade-now\/>here<\/a> to create your real VT Markets account.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>Sterling rose toward 1.3345 as dollar softened on US-Iran diplomacy hopes; BoE seen holding rates steady.<\/p>\n","protected":false},"author":87,"featured_media":55984,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-57736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=57736"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/55984"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=57736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}