GBP/USD Begins Week Lower Amid Heightened Geopolitical Tensions
The Pound Sterling (GBP) stood out against the US Dollar (USD) for the third consecutive week, reaching remarkable 39-month highs above 1.3600. In the latter half of the week, the GBP/USD pair regained traction, peaking near 1.3635. However, as we start a new week, rising geopolitical tensions have caused the pair to weaken. Investors are reassessing their positions as the market reacts to global events. The influence of external factors on GBP/USD remains critical as traders look for potential shifts in momentum. This context sets an intriguing backdrop for the currency pair’s future performance.