FX.co ★ GBP/USD

Today, the market is reacting to the negative news from the Middle East. The Strait of Hormuz is closed, ships are under fire, and Iran has refused to send a delegation for talks with the US as long as the American blockade is in place. At the beginning of the European session, the pair closed the morning gap from 1.3470 to 1.3520, but this is a technical moment. According to statistics, in most cases, the gap gets filled. The negative sentiment will likely lead to a move towards the dollar, so the forecast is a decline from 1.3520 to 1.3480, with the expectation of some new developments thereafter.