GBP/USD drifts below 1.3550 as rising US-Iran tensions sour sentiment

Rising US-Iran tensions led to increased demand for the safe-haven US Dollar, causing the GBP/USD pair to fall below 1.3550. Iranian missile attacks fueled risk aversion and pushed oil prices higher. President Trump's announcement of a plan to free vessels in the Strait of Hormuz created uncertainty and added to market volatility.