GBP/USD Drops Below 1.3400 on Iran-US Tensions, Stronger USD
Geopolitical risks in the Middle East lift the US Dollar, pushing GBP/USD down 0.2% as Iran asserts control over the Strait of Hormuz. The GBP/USD pair fell 0.2% to near 1.3400 in European trading on Thursday, pressured by rising US-Iran tensions. Iran’s Islamic Revolution