The British Pound stabilizes after a four-day rally as Middle East tensions bolster the USD, offsetting hawkish Bank of England tones.
GBP/USD trades flat at 1.3470 in Asian hours, halting a four-day winning streak. The pair’s stability follows a firm US Dollar, driven by stalled US-Iran negotiations and heightened Middle East tensions, which reinforced safe-haven demand.
Prior to this, the Pound had climbed on expectations of sustained Bank of England hawkishness, though recent geopolitical risks have tempered gains. The pair remains near multi-week highs but lacks momentum for further upside.
No immediate market reaction was reported, with traders awaiting fresh catalysts.