GBP/USD Rebounds to 1.351 on Iran Talks, Weak US Sentiment

GBP/USD has climbed to 1.349–1.351, up 0.24% from lows, as Iran ceasefire and US-Iran talk hopes dampen USD demand alongside plunging US consumer sentiment to 49.8 (lowest since 1978). This reverses the April 21 plunge triggered by blockbuster US retail sales (+0.8% vs +0.3% forecast) and industrial production (+0.5%), which rallied DXY 0.6% and slashed June Fed cut odds from 68% to 52%. Strong UK retail sales (+0.7%) bolster the pound, with technical support holding at 1.3411 and resistance at 1.3866 ahead of central bank decisions.