Business · 9 July 2026
Pound climbs near four-week high as swings grow
People and businesses could face bigger currency price changes as trading in sterling becomes more unsettled. Sterling rose on Thursday to about $1.34 after the dollar eased and oil prices fell, while markets reduced expectations for Bank of England interest rate rises this year. Overnight implied volatility reached 6%, with only the euro recording a higher reading at 6.5%.
Reported by Reuters · How we write briefs