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GBPUSD edges near $1.33 amid US-Iran tension delays and shifting BOE policy expectations with two possible rate hikes despite weak UK retail sales and low consumer confidence.
GBPUSD weakened amid US-Iran tensions, rising oil prices, falling UK consumer confidence, and expectations of multiple Bank of England rate hikes.
Sterling fell below $1.35 after Labour's special election loss raised doubts about Prime Minister Starmer's leadership and potential fiscal expansion, coupled with weaker consumer confidence and expe…