The currency pair climbs 0.35% as geopolitical tensions ease following a reported agreement between Washington and Tehran.
The GBP/USD pair advanced 0.35% to 1.3460 in late Asian trading on Monday, extending a week-long rally. The move follows reports of a breakthrough deal between the US and Iran, boosting market sentiment and risk appetite.
Prior to the announcement, the pair had traded near its 20-day exponential moving average, with limited directional momentum. The agreement marks a shift in geopolitical dynamics, reducing uncertainty in oil markets and supporting higher-yielding assets.
No immediate market reaction data was provided beyond the price movement.