Sterling Steady Below 1.33 as US-Iran Tensions Boost Oil
The British pound held firm but remained below the 1.3300 level against the US dollar on Wednesday, as escalating US-Iran tensions drove oil prices higher.
GBPUSD
The Pound Sterling showed resilience on Wednesday, trading just under the 1.3300 mark, as investors assessed the intensifying conflict between the United States and Iran.
President Trump warned of further military action in retaliation for Iranian strikes on US forces, raising geopolitical uncertainty. The flare-up sent crude oil prices sharply higher.
Despite the risk-off backdrop, the GBP/USD pair held steady, though it failed to break above the 1.33 handle, with the market watching the next developments closely.
Source: FXStreet Forex News