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fxJun 29, 2026, 6:39 AM

GBP/USD Hovers Around 1.3200 as Geopolitical Tensions Cap Gains

The British Pound traded flat against the US Dollar near 1.3200 on Monday, with bulls restrained by geopolitical tensions and UK political uncertainty while the dollar awaits US employment data.

GBPUSD

The GBP/USD pair remained directionless on Monday, hovering around the 1.3200 mark as the British Pound struggled to find momentum. Bullish sentiment was tempered by rising geopolitical tensions and the ongoing political deadlock in the UK, which kept sterling gains in check.

The US Dollar, meanwhile, traded in a narrow range as investors adopted a cautious stance ahead of a busy week of US employment data. The safe-haven appeal of the greenback provided support, preventing a significant move lower.

With no major catalysts from the UK side, the pair is likely to remain driven by broader risk sentiment and the upcoming US jobs reports. A break above 1.3250 or below 1.3150 could set the next directional bias.

Source: FXStreet Forex News