GBP USD Continues Downtrend; Currently Trading Near 1.3405
The GBP USD pair has extended its decline to around 1.3405 during the Asian trading hours on Monday. Market fears of an Iranian response to US actions on its nuclear facilities have strengthened safe-haven flows towards the US Dollar. The bearish sentiment surrounding the Pound continues as traders remain cautious about potential geopolitical ramifications. As current events unfold, the market landscape may shift, impacting GBP USD further moving forward.