GBP/USD Price Forecast: Bulls seize control as USD plummets on US-Iran ceasefire

The GBP/USD pair prolongs its uptrend for the third consecutive day and rallies to over a two-week top on Wednesday, with bulls now looking to build on the momentum further beyond the 200-day Simple Moving Average (SMA). GBP/USD catches aggressive bids as the US-Iran ceasefire news dents the USD’s safe-haven status.Crashing Oil prices cool inflation fears, tempering Fed… The GBP/USD pair prolongs its uptrend for the third consecutive day and rallies to over a two-week top on Wednesday, with bulls now looking to build on the momentum further beyond the 200-day Simple Moving Average (SMA). GBP/USD catches aggressive bids as the US-Iran ceasefire news dents the USD’s safe-haven status.Crashing Oil prices cool inflation fears, tempering Fed rate hike bets and further weighing on the USD.Bets for at least one BoE rate hike in 2026 underpin the GBP and also offer support to spot prices.The GBP/USD pair prolongs its uptrend for the third consecutive day and rallies to over a two-week top on Wednesday, with bulls… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.