March 23, 2026

Pound Sterling weakens as Middle East tensions drive oil surge and USD safe-haven demand

March 23, 2026

Pound Sterling weakens as Middle East tensions drive oil surge and USD safe-haven demand

The GBP/USD pair attracts some sellers to around 1.3315 during the early European session on Monday, dragged by a firmer US Dollar (USD). The preliminary readings of Purchasing Managers Index (PMI) from the United Kingdom (UK) and the United States (US) will be released later on Tuesday.

The GBP/USD pair attracts some sellers to around 1.3315 during the early European session on Monday, dragged by a firmer US Dollar (USD). The preliminary readings of Purchasing Managers Index (PMI) from the United Kingdom (UK) and the United States (US) will be released later on Tuesday.

Article written by AdminFF

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