GBP/USD gains over a big figure after Trump cancels strikes
The British Pound spent most of Thursday leaking lower due to geopolitical tensions, then exploded higher when President Trump canceled planned strikes.
The Pound gained more than a full big figure off the lows, with the increase not attributed to UK earnings.
The data will question the rally from Friday morning onward, as the Pound defends its borrowed rally through a heavy scheduled stretch.
The US and Iran have made no official confirmation of a deal, with Iran’s semiofficial Fars agency reporting no approved text and Trump talking up a weekend signing in Europe.