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fxJul 16, 2026, 1:36 AM

British Pound Weakens Below 1.3550 on Renewed US Strikes on Iran

GBP/USD fell to near 1.3530 in early Asian trading as renewed US strikes on Iran and shipping disruptions in the Strait of Hormuz stoked energy-driven inflation fears, pressuring the pound.

GBPUSD

The British Pound weakened against the US Dollar on Thursday, with GBP/USD declining to around 1.3530 during the early Asian session. The move followed renewed US military strikes on Iran, which have raised geopolitical tensions in the Middle East.

Disruptions to shipping through the Strait of Hormuz have reignited concerns over energy-driven inflation, weighing on the British Pound. The pair remains under pressure as traders assess the impact of the conflict on global supply chains and fuel prices.

Source: FXStreet Forex News