Russia S&P Global Services PMI fell from previous 53.1 to 51.3 in February

Mar 4, 2026

Pound Sterling weakens to near 1.3300 as geopolitical risks bolster US Dollar

The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar (USD) against the Pound Sterling (GBP).

Asian stocks fall as South Korea’s KOSPI slumps over 10%

Asian equities fall for a second consecutive session as escalating tensions in the Middle East shook investor sentiment and revived concerns over energy-driven inflation.