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fxJun 9, 2026, 6:38 AM

GBP/USD Holds Near 1.3375 Amid Sideways Triangle Pattern

GBP/USD trades 0.26% higher at 1.3375 during European hours, with the dollar weakening on potential US-Iran deal news. The overall trend remains sideways as a triangle formation develops.

GBPUSD

GBP/USD rose 0.26% to 1.3375 in the European session on Tuesday, supported by a softer US dollar. The greenback declined amid expectations that the United States may reach an agreement with Iran, reducing safe-haven demand.

Technically, the pair continues to trade within a triangle formation, suggesting a sideways overall trend. Cable's near-term direction remains uncertain until a breakout from this pattern occurs. Traders are watching for further cues on US foreign policy and economic data.

Source: FXStreet Forex News