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Forex

GBP Dives Below 1.3500 Amid Escalating US-Iran Tensions

Guavy AI Editorial Team
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EUR USD GBP
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The British Pound (GBP) declined to near 1.3500 against the US Dollar (USD) during early European trading hours on Wednesday due to rising tensions in the Middle East.

Ongoing hostilities between the US and Iran provided some support for the safe-haven currency, the USD, as investors sought safer assets.

The GBP/USD pair is currently holding a modest bullish bias above its 100-day Simple Moving Average (SMA), but momentum remains neutral-to-slightly consolidative.

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