US-Iran Diplomacy Hopes Push GBP/USD to Highest Level Since February
GBP/USD spot prices reached the 1.3535-1.3540 region during the first half of the European session on Tuesday. The currency pair rose for the seventh straight day, moving past a one-month high of 1.3480. The move follows a decrease in demand for the safe-haven US Dollar, which fell to its lowest level since early March. This decline was driven by investors moving toward riskier assets amid hopes that diplomacy between the US and Iran remains open. US Vice President JD Vance stated that meaningful progress has been made in negotiations, and negotiating teams may return to Islamabad for another round of peace talks this week.
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