The British Pound falls to 1.3300 against the US Dollar, extending a five-day losing streak amid political uncertainty and geopolitical tensions.
The GBP/USD pair declined to 1.3300, its lowest level since April 8, during Monday’s Asian trading session. The move extends a five-day losing streak as the US Dollar strengthens broadly against major currencies.
Last week’s heavy losses for the Pound followed heightened UK political turmoil and rising geopolitical risks, including tensions involving Iran. The pair remains under selling pressure, reflecting investor caution amid uncertain economic and policy outlooks.
No immediate market reaction data was provided, but the sustained downtrend signals persistent bearish sentiment for the GBP against the USD.