The British Pound weakens against the US Dollar as mixed signals from US and Iranian officials cloud prospects for a nuclear deal.
The GBP/USD pair fell to near 1.3460 in early European trading on Thursday, extending losses amid uncertainty over a potential US-Iran nuclear agreement. Conflicting statements from officials on both sides have heightened market caution, weighing on the Pound.
The pair had traded higher earlier in the week but reversed course as geopolitical risks resurfaced. Analysts note that a deal could ease energy market tensions, while failure may sustain volatility in commodity-linked currencies.
No immediate market reaction was reported beyond the currency’s decline, though traders remain focused on further developments in negotiations.