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fxAug 6, 2026, 1:17 AM

British Pound steady above 1.3450 as USD weakens on Iran, Fed repricing

The British pound consolidates recent gains against the dollar, trading around 1.3470 in Asia as reduced Iran tensions and Fed rate repricing pressure the greenback.

GBPUSD

GBP/USD was changing hands near 1.3470 in Asian trading, staying above the 1.3450 mark. The pair consolidated gains from the previous two sessions.

The greenback weakened as hopes of de-escalation in Iran reduced haven demand, while traders repriced the Fed’s rate outlook, adding pressure on the dollar.

Source: FXStreet Forex News