Business · 6 August 2026

British pound stays flat as investors wait for Strait of Hormuz deal

The currency sat at $1.3460 on Thursday as markets watched for an agreement between Iran and Oman. A potential pact could reopen the waterway, clearing a major hurdle in efforts to stop the war between America and Iran. The Bank of England also left interest rates unchanged last week while it monitors the conflict's impact on rising prices.

By BriefTea Editorial · 6 August 2026 at 17:47

Reported by Reuters · How we write briefs

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Why the Bank of England waits America and Iran's conflict Global oil routes

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