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fxJul 6, 2026, 1:54 AM

GBP/USD Holds Steady Near 1.3350 as Iran Tensions Cap Gains

The British pound trades in a narrow range around 1.3350 against the U.S. dollar during the Asian session, unable to extend last week's rally as geopolitical concerns over Iran limit upside momentum.

GBPUSD

The GBP/USD pair is consolidating near the mid-1.3300s, stuck in a tight band around 1.3350 during Asian trading hours. The pair struggles to build on the strong gains recorded last week.

Geopolitical tensions surrounding Iran are weighing on risk appetite, capping further upside for the pound. Market participants are cautious, awaiting fresh catalysts to break the range.

No major economic data from the UK or US is due in the near term, keeping the pair directionless for now. Technical levels around 1.3330 and 1.3380 serve as immediate support and resistance.

Source: FXStreet Forex News