Pound Sterling Price News and Forecast: GBP/USD stays flat on safe-haven demand amid Middle East tensions

GBP/USD steadied around 1.3610 after nearly 1% gains the prior day as safe-haven demand lifted the US dollar amid Middle East tensions. Headlines around a US naval blockade of Iranian ports and Strait of Hormuz concerns supported USD strength, while the BoE’s 8-1 hold at a 3.75% Bank Rate and hawkish commentary from Governor Bailey kept sterling supported. US data was mixed: PCE inflation matched forecasts at 3.5% YoY and Q1 GDP came in softer at 2%. Technically, GBP/USD has cleared a resistance trendline near 1.3560/65, RSI moved above 60 and a bullish-engulfing pattern is forming, keeping the upside bias toward 1.3600–1.3720 despite intermittent USD strength.