• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

23 June 2025 09:21  |

GBP/USD Under Pressure, Approaching 1.3400 Amid Iran-US Tensions

The GBP/USD pair continued to slide to near 1.3400 during the Asian session on Monday morning, dragged down by a surge in safe-haven demand following the US airstrike on three Iranian nuclear sites. Rising geopolitical tensions boosted the US dollar, while market participants awaited the release of preliminary PMI data from the UK and the US that would provide further clues on the economic outlook of the two countries.

US President Donald Trump’s tough remarks, claiming to have “totally destroyed” Iran’s main nuclear facility and threatening further attacks, soured risk sentiment. On the other hand, Iran vowed to retaliate and stated that it was ready to use “all options” to defend itself. Concerns about an escalation of the conflict involving Israel and the US have prompted investors to flee riskier currencies such as the pound sterling, strengthening the greenback’s position against the cable.

Source: News Maker

Related News

GBP/USD

GBP/USD Continues Rise as Pound Recovers

GBP/USD continues its second straight day of gains, starting the new trading week with a seven-tenths of a percent gain and d...

7 January 2025 07:12
GBP/USD

GBP/USD Extends Decline As Safe Haven Trade Continues

GBP/USD fell again on Monday, extending Cable to a second straight day of losses and pushing the bids back down to the 200-da...

8 April 2025 07:20
GBP/USD

GBP/USD Holds Above 1.2400, China Tariffs In Focus

GBP/USD continued to strengthen for the second straight session, trading around 1.2430 during Asian hours on Tuesday (4/2). T...

4 February 2025 11:03
GBP/USD

GBP/USD Holds Below 1.2400 As US Dollar Strengthens

The GBP/USD pair weakened near 1.239 during Asian trading hours on Monday (10/2). The US dollar strengthened after US Preside...

10 February 2025 08:17
BIAS23.com NM23 Ai