Sterling falls 0.45% to near 1.3300, driven solely by USD demand amid U.S.-led geopolitical risks and data flows.
GBP/USD declined 0.45% to trade near 1.3300, marking a sixth consecutive session of losses without any domestic UK catalysts. The pair peaked just below 1.3400 early Thursday before sliding through the European and New York sessions, recovering only 25 pips from its lows.
The move occurred against an empty UK economic calendar, with no data releases, fiscal announcements, or policy remarks to explain the weakness. Selling pressure accelerated as the Dollar strengthened, fueled by U.S. geopolitical developments and market positioning ahead of key economic reports.
Brent crude’s rise above $101 amid escalating Middle East tensions underscored the Dollar’s safe-haven appeal, overshadowing sterling’s performance. The lack of domestic drivers highlights sterling’s vulnerability to external factors.