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fxJun 15, 2026, 5:32 AM

GBP/USD Extends Advance as US-Iran Deal Boosts Sentiment

GBP/USD rose 0.35% to near 1.3460 in late Asian trading on Monday, extending a week-long advance after the US and Iran reached a deal, improving market sentiment.

GBPUSD

The British pound strengthened against the US dollar during late Asian trading on Monday, with GBP/USD gaining 0.35% to around 1.3460. The move extends a week-long uptrend for the cable as risk appetite improved.

Market sentiment was buoyed by news that the United States and Iran have reached an agreement, though details remain sparse. The deal helped push the pair above the 20-day exponential moving average, a technical level watched by traders.

No further catalysts have been identified in the session, but the broader risk-on tone is supporting the pound. The pair's direction will likely depend on upcoming US economic data and any further developments from the US-Iran deal.

Source: FXStreet Forex News