GBP/USD recovers toward 1.2500 amid cautious optimism
Hello everyone! This Monday morning brought a refreshing climb for GBP/USD, which surged above 1.2450 after hitting its lowest point since November at 1.2426 last week. While the technical indicators still suggest a downtrend, easing geopolitical tensions could potentially extend this pair's recovery phase.
As the weekend approached, investors sought safe havens amid reports that Iran was planning a retaliatory attack against Israel for an alleged assault on its consulate in Damascus on April 1st. This uncertainty boosted the U.S. dollar as a safe-haven asset, leading to a notable dip in GBP/USD by the end of the U.S. trading session.
As the weekend approached, investors sought safe havens amid reports that Iran was planning a retaliatory attack against Israel for an alleged assault on its consulate in Damascus on April 1st. This uncertainty boosted the U.S. dollar as a safe-haven asset, leading to a notable dip in GBP/USD by the end of the U.S. trading session.
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