The pound is weakening amid a stronger U.S. dollar following Trump's address to the nation. Spot quotes are declining toward the round level of 1.3200 after comments by U.S. President Donald Trump interrupted the two-day recovery of the GBP/USD pair.

In his address, Trump confirmed a 2–3 week timeframe and again threatened strikes on Iran's energy infrastructure if an agreement fails. At the same time, he stated that negotiations with Tehran are progressing successfully, although the Iranian side immediately rejected this assessment. Additionally, reports that the United Arab Emirates (UAE) support military measures to reopen the Strait of Hormuz have heightened concerns about further escalation of geopolitical tensions in the Middle East.

From a technical perspective, a multi-month downtrend is observed. The pair is trading below all moving averages, and oscillators remain in negative territory, confirming a bearish outlook.