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Pound Sterling Price News and Forecast: GBP/USD trips down below 1.3350 as oil surges

The GBP/USD trims some of its Thursday’s gains, down by 0.84%, as traders turned risk-averse amid an escalation of the Middle East conflict and priced in no rate cuts by the Federal Reserve in 2026. At the time of writing, the pair trades below 1.3350 after hitting a daily high of 1.3442.

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