The British pound fell to its lowest level in nearly a month as the dollar strengthened on expectations of a Federal Reserve rate increase.
GBP/USD traded at 1.3283 on Wednesday, nearing a one-month low as investors weighed Middle East developments and Fed policy expectations. The dollar gained support from bets that the U.S. central bank may raise interest rates, pressuring the pound lower.
The pair had previously declined in the last session, extending losses amid broader risk sentiment and diverging monetary policy outlooks. Market focus remains on Fed signals and geopolitical risks, which continue to influence currency movements.
No immediate market reaction was specified, but traders are closely monitoring upcoming economic data and Fed commentary for further direction.