GBP/USD struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.
Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-qoq-came-in-at-07-above-forecasts-05-in-1q-202606010700
