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GBP/USD Rises as US-Iran Hopes Weaken US Dollar

Guavy AI Editorial Team
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USD GBP
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The British Pound (GBP) has risen to near 1.3345 against the US Dollar (USD) due to selling pressure on the Greenback.

Renewed hopes of a US-Iran diplomatic solution have weakened the US Dollar, with the US military confirming that further attacks on Iran are unnecessary.

Investors will be watching closely as both the Federal Reserve and the Bank of England announce their monetary policy decisions this week, with interest rates expected to remain unchanged.

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