The British Pound remains rangebound against the US Dollar amid geopolitical risks tied to stalled US-Iran negotiations.
The GBP/USD pair trades flat near 1.3450 in early Asian trading on Monday, reflecting investor caution over unresolved US-Iran deal talks. The British Pound has entered a consolidation phase after recent volatility, with traders awaiting fresh catalysts.
Prior sessions saw the pair oscillate between 1.3400 and 1.3500, as markets digested mixed signals on inflation and monetary policy. The lack of progress in US-Iran negotiations has added a layer of uncertainty, dampening risk appetite.
No immediate market reaction was observed, with the pair holding steady at current levels.