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fxAug 4, 2026, 1:31 AM

Sterling dips below 1.3450 as Iran uncertainty lifts dollar

The British pound fell below 1.3450 against the US dollar early Tuesday, pressured by safe-haven demand for the greenback amid renewed US-Iran uncertainty.

GBPUSD

GBP/USD dropped to around 1.3425 in early Asian trading on Tuesday, slipping below the 1.3450 handle.

The move came as renewed uncertainty over US-Iran negotiations pushed investors toward the safe-haven dollar.

The greenback’s appeal strengthened amid fears that diplomatic talks could stall, weighing on the risk-sensitive pound.

The pair’s decline reflects a broader flight to safety, with the dollar gaining ground against most major currencies.

Source: FXStreet Forex News