GBP/USD Subdued as US-Iran Tensions Boost Dollar
GBP/USD remains in negative territory near 1.3390 as safe-haven demand lifts the US Dollar amid escalating US-Iran tensions.
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The British Pound stays under pressure against the US Dollar, with GBP/USD trading around 1.3390 during early European hours on Monday. The pair has pared some of its daily losses but remains in negative territory.
The US Dollar gains ground as investors flock to safe-haven assets amid intensifying tensions in the Middle East between the United States and Iran. This risk-off sentiment weighs on the pound, keeping the pair subdued.
Source: FXStreet Forex News