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GBP/USD Price Analysis and Forecast: Rising Tensions in the Strait of Hormuz Weigh on the Pound
The GBP/USD pair is currently consolidating
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The GBP/USD pair is currently consolidating near yesterday's low, trading around 1.3466. This level is slightly above the nearly two-week low recorded the day before. Spot prices remain under pressure and appear vulnerable to further decline after pulling back from the psychological level of 1.3600, which marked a more than two-month high, amid a strengthening U.S. dollar.Despite the temporary extension of the ceasefire between the United States and Iran, investor sentiment remains negative due to escalating tensions in the Middle
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