GBP/USD Holds Below 1.3600 as Iran Tensions Boost Safe-Haven Dollar

BitcoinWorld GBP/USD Holds Below 1.3600 as Iran Tensions Boost Safe-Haven Dollar The British pound remained under pressure against the US dollar on Tuesday, with the GBP/USD pair trading below the 1.3600 threshold as escalating geopolitical tensions surrounding Iran continued to fuel demand for the greenback as a safe-haven asset. The pair has extended its recent decline, reflecting a broader risk-off mood in currency markets. Geopolitical Risk Drives Dollar Demand Renewed friction between Western powers and Iran has injected fresh uncertainty into global markets. Reports of heightened diplomatic and military posturing in the Middle East prompted investors to rotate out of risk-sensitive currencies like the pound and into the US dollar, which typically benefits during periods of geopolitical instability. This dynamic has been the primary catalyst for the pair’s negative bias, overshado