General · 1 July 2026

Pound takes a step back before key US signals

People exchanging money could face a weaker pound after it ended four straight days of gains against the dollar. On Wednesday, sterling slipped 0.23% to $1.3234 as higher US Treasury yields lifted the dollar before jobs data and comments from Federal Reserve Chair Kevin Warsh. Money markets put the chance of a Bank of England rate rise this year at 90%.

By BriefTea Editorial · 1 July 2026 at 12:40

Reported by Reuters · How we write briefs

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