Forex
GBP Holds Near Two-Week Lows Amid Geopolitical Tensions and Fed Hopes
The British Pound (GBP) has held its losses amid ongoing geopolitical tensions and increased hopes for Federal Reserve rate hikes.
Risk aversion is high as the US launched an attack on Iran, targeting missile launchers on Larak Island. Tehran responded by attacking US military sites in Jordan, according to reports.
Investors are cautious due to rising bets that the Fed might hike rates in September, following comments from Fed Chairman Kevin Warsh at the Jackson Hole Summit.