Gold Research
British Pound slips for second straight day as Oil spike revives inflation fears
The Pound Sterling retreats during the North American session, down 0.22% against the Greenback, as geopolitical tensions remained high, triggering a jump in Oil prices and heightening fears of a reacceleration of inflation. The GBP/USD trades at 1.3449 after peaking near 1.3480.
The Pound Sterling retreats during the North American session, down 0.22% against the Greenback, as geopolitical tensions remained high, triggering a jump in Oil prices and heightening fears of a reacceleration of inflation. The GBP/USD trades at 1.3449 after peaking near 1.3480.
Gold impact rationale
Rising geopolitical risk strengthens gold's defensive appeal.
- Source: FXStreet news
- 2026-07-17
- geopolitics
- inflation
Topics: gold news, gold price impact, geopolitics, inflation