GBP/USD climbs toward 1.3400 on easing UK political concerns
The British pound strengthened to near 1.3400 against the U.S. dollar during Asian trading on Thursday, supported by diminishing political risk in the UK.
GBPUSD
The GBP/USD pair advanced to around 1.3395 in Asian trading hours on Thursday, extending gains as domestic political uncertainties in the UK continued to recede.
Market sentiment improved amid expectations of a more stable political environment, which reduced the risk premium previously attached to sterling. The move higher reflects a shift in investor focus toward economic fundamentals rather than political headwinds.
No specific economic data releases were cited in the move, with the price action driven primarily by fading political risk sentiment.
Source: FXStreet Forex News