FxWirePro: GBP/USD slips as geopolitical tensions boost demand for U.S. dollar

• GBP/USD declined on Friday as investors rushed to safety of greenback  as Israel's attacks on Iran ramped up geopolitical tensions .

• Israel carried out major strikes on Iran Friday, targeting nuclear sites and ballistic missile factories in a bid to stop Tehran from developing a nuclear weapon. In response, Iran launched a barrage of 100 drones.

• The development has heightened caution in global financial markets, already unsettled by U.S. President Donald Trump's unpredictable tariff policies.

• Markets are now turning their attention to next week’s Bank of England monetary policy meeting, where interest rates are widely expected to remain unchanged.

•  At GMT 11:34, the Pound was trading down 0.57 percent  at 1.3534 against greenback.

•   Immediate resistance is located at 1.3627(23.6%fib), any close above will push the pair towards 1.3672(Higher BB)

•  Strong support is seen at 1.3419(38.2%fib) and break below could take the pair towards 1.3355(Lower BB).

  Recommendation: Good to buy  around 1.3500, with stop loss of 1.3410 and target price of 1.3650