Pound Sinks as Middle East Tensions Weigh on Investors
- Pound Sterling drops due to risk-off sentiment over Middle East tensions and strong US dollar
- BoE policymaker Swati Dhingra issues dovish comments on UK economic outlook
- Preliminary PMI data for February remains mixed for the UK
- GBP/USD faces sharp sell-off, falling from 1.2700 level
- Descending Triangle chart pattern indicates contracting volatility and slight downside bias for pound