Pound Slides as US-Iran Tensions Drive Safe-Haven Flows

The British pound weakened below 1.3450 against the US dollar on [date], as tensions between the US and Iran drove investors towards the safe-haven greenback.

The currency pair's decline reflects a broader risk-off mood in global markets, with geopolitical uncertainty overshadowing domestic economic data.

The dollar typically strengthens during periods of instability, as investors seek the relative safety of the world's primary reserve currency.