Pound Snaps Losing Streak as Geopolitics Weigh on Sterling

The British Pound has regained some lost ground against the US Dollar, snapping its five-day losing streak. The GBP/USD pair recovered to near 1.3325 during Asian trading hours on Friday, but potential upside may be limited due to heightened military tensions in the Middle East.

Traders are bracing for the release of UK Retail Sales data later on Friday, which could impact the Pound's performance. The US Dollar is expected to gain strength as a safe-haven currency amid ongoing geopolitical tensions in the region.

The US Central Command announced it launched its 13th consecutive night against Iranian targets, while President Donald Trump warned that the US would hold Iran responsible for the Houthis' actions and threaten both countries with 'a major military punishment.'