GBP/USD Stays Firm as USD Weakness Continues
The GBP/USD pair continues its upward bias, trading in the mid-1.3600s and staying close to its highest level since February 11.
The US Dollar remains under pressure due to reduced expectations for imminent Fed rate hikes and lower US bond yields.
Geopolitical tensions and oil-driven inflation risks may cushion USD downside, but could also cap further gains in GBP/USD.
US Treasury Secretary Scott Bessent is set to unveil 'toughest sanctions in history' on Iran at a press conference on Monday, which may provide some safe-haven support for the US Dollar.