A 15-point peace plan to end the war in the Middle East has done little to bolster the pound-dollar exchange rate, which hints at underlying difficulties for the pair.
No peace rebound for GBP/USD and EUR/USD as U.S. allies signal fears over Iran's grip on Strait of Hormuz.
Pound-Dollar faces fresh losses as U.S.-Iran tensions escalate toward a potential military showdown.
There are four pillars of dollar weakness.
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