The GBP/USD currency pair will again be at the mercy of geopolitics in the new week

The EUR/USD currency pair has been trading higher over the past two weeks, but the fairy tale of the European currency seems to be coming to an end

The GBP/USD currency pair moved similarly to the EUR/USD pair throughout Friday

The EUR/USD currency pair moved in a completely predictable direction until the evening on Friday

The tone of trading for the EUR/USD pair will be set by the geopolitical agenda. Key macroeconomic reports will play a secondary, more supportive role.

Next week, there will not be many important events or economic reports in the U.S.

The British pound's exchange rate will also depend on geopolitics next week

A new trading week begins, and I once again emphasize the importance of geopolitics and the status of the U.S. dollar

The price of gold surged after Iran reopened the Strait of Hormuz, alleviating concerns about global inflation. The weakening U.S. dollar and declining Treasury bond yields are providing additional support for the precious metal.

The EUR/USD pair rose by 35 points on Friday, with no significant news background during the day.