General · 2 June 2026
Sterling Holds Steady as Iran Talks Watched
People exchanging money or travelling abroad saw mixed movements in the pound, with some stability noted but also a slip against the dollar, as markets kept a close watch on events linked to Iran and the Strait of Hormuz. On 2 June, sterling was broadly unchanged against the dollar and euro, while investors also weighed UK political uncertainty and interest-rate expectations. Barclays pointed to the 18 June Makerfield vote and possible effects on views of Britain’s public finances.
Reported by Reuters · How we write briefs