British Pound Steady on Iran Peace Hopes Despite Weak UK GDP

The British Pound (GBP) is maintaining a moderately positive tone against the US Dollar (USD) on Friday, supported by investor optimism over a potential US-Iran peace agreement. This sentiment has helped counterbalance the impact of softer-than-expected UK GDP figures released earlier in the session.

Market participants are focusing on geopolitical developments, with hopes of de-escalation in the Middle East providing a tailwind for risk-sensitive currencies like the pound. Meanwhile, the disappointing UK economic data has not derailed the currency's modest gains, suggesting that peace-related optimism is currently the dominant driver.