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GBP/USD Plunges as Israel-Iran Conflict Rattles Markets, Boosts US Dollar

Summary by FXStreet
GBP/USD tumbled over 0.40% on Friday as geopolitical tensions triggered a flow towards the Dollar haven status after Israel launched an attack on Iran, which escalated the Middle East conflict. The pair traded near 1.3550s after hitting a yearly peak of 1.3631.
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Israel's attack on Iran is a classic risk-off factor, which has led to turbulence on the markets on Friday, which could in turn affect global growth and inflation. While the stock markets significantly declined, oil prices and safe ports increased like gold. According to analysts, an escalation in the Middle East is now [...] The post-Israel-Iran conflict: How bad is it going to be for the markets? appeared first on financial marketwelt.de.

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currencynews.co.uk broke the news in on Friday, June 13, 2025.
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