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- GBP/USD sheds 0.12%, reversing from 1.2163 to 1.2112, as the Middle East conflict escalates.
- Gold prices surge past $2,000, reflecting heightened market volatility and risk-off sentiment.
- Upcoming UK and US economic releases, including PMIs and monetary policy decisions, to provide further direction.
GBP/USD registers minimal losses of 0.12% after hitting a daily high of 1.2163 on risk appetite, but news headlines showing an escalation of the Middle East conflict weighed on the major. Therefore, the pair reversed its course trades at 1.2112, as sellers eye a test of 1.2100.
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