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.
Reported by Reuters · How we write briefs