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fxAug 6, 2026, 5:34 AM

GBP/USD Slips to 1.3460 on US-Iran Deal Uncertainty

GBP/USD dipped to around 1.3460 in early European trading Thursday as conflicting US-Iran rhetoric raised market caution.

GBPUSD

The British pound weakened against the dollar in early European hours, with GBP/USD drifting near 1.3460. The move came amid conflicting signals from US and Iranian officials over a potential diplomatic deal, which injected uncertainty into risk sentiment.

Traders are watching closely for any concrete progress on US-Iran negotiations. The lack of clarity has supported the greenback, while sterling, sensitive to geopolitical risks, lost ground.

The pair earlier flirted with 1.3450 as the dollar found broad bids.

Source: FXStreet Forex News