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GBP/USD Overview. May 7: The US and Iran Agree to Continue Negotiating
The GBP/USD currency pair also resumed
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The GBP/USD currency pair also resumed its upward movement on Wednesday. The decline of the US dollar was, as one might guess, caused by geopolitical factors. Specifically, another wave of unverified and unofficial news emerged regarding de-escalation in the Middle East. Among the official statements, US Secretary of State Marco Rubio mentioned that the active phase of the military operation in Iran has concluded. However, Donald Trump stated two weeks ago that there had been a complete victory over Iran
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