GBP/USD Rises Above 1.3400 on US-Iran Peace Optimism
The British pound strengthened against the US dollar, with GBP/USD trading near 1.3430 in early Asian hours on Wednesday, supported by optimism over US-Iran peace prospects.
GBPUSD
The GBP/USD pair edged higher during early Asian trading on Wednesday, trading around 1.3430. The move above the 1.3400 handle was attributed to renewed optimism surrounding potential US-Iran peace talks, which boosted risk sentiment and weighed on the safe-haven US dollar.
Traders are closely watching for further developments in the Middle East as diplomatic efforts continue. No other major catalysts were in play during the Asian session.
Source: FXStreet Forex News