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fxJun 16, 2026, 2:58 AM

GBP/USD Edges Lower to 1.3400 on US Dollar Strength, US-Iran Deal Caution

The British pound slipped against the US dollar during Asian trading on Tuesday, with GBP/USD falling back toward 1.3400 as the greenback found support from cautious market sentiment ahead of expected US-Iran deal developments.

GBPUSD

The British pound edged lower against the US dollar on Tuesday, giving up minor gains from the previous session. GBP/USD traded around 1.3400 during Asian hours, reflecting renewed demand for the greenback.

The US dollar found support as market participants adopted a cautious stance ahead of further updates on US-Iran peace negotiations. Any positive developments in the talks could influence risk appetite and currency flows, keeping traders on edge.

With no major UK economic releases scheduled for the session, price action remains driven by broader market sentiment and geopolitical headlines. The 1.3400 level serves as a key psychological support for the pair.

Source: FXStreet Forex News