The British pound extends gains against the dollar, nearing 1.3500 amid broader USD softness and geopolitical developments.
The GBP/USD pair climbed toward 1.3500 on Monday, extending intraday gains as the US dollar weakened. The move follows a modest bullish opening gap and a rebound from a near-month low of 1.3300 reached last week.
The recovery aligns with optimism surrounding potential progress in Iran nuclear deal negotiations, which has weighed on the USD. The pair last traded below 1.3300 in early April, marking its lowest level in over a month before Monday’s rebound.
Market focus remains on geopolitical risks and USD dynamics, with no immediate reaction in equity or bond markets reported.