The British pound gains against the US dollar as risk sentiment improves on hopes of a US-Iran peace agreement.
GBP/USD climbed to 1.3460 on Friday, recovering from earlier intraday lows as the US dollar weakened. The move follows improved risk sentiment driven by speculation over a potential US-Iran peace deal, which has supported the pound’s modest rebound.
The pair remains on track to close the week with limited gains, reflecting broader market caution. Earlier sessions saw volatility as traders weighed geopolitical developments against economic data. No major economic releases were cited as direct catalysts for the move.
Market reaction has been muted, with the pair holding steady near current levels as traders await further developments.