General · 3 June 2026
Pound Holds Near $1.34 As Oil Rises
Higher fuel costs could add pressure to prices and public finances in Britain as fighting in the Middle East keeps energy markets unsettled. On June 3, sterling traded close to $1.3447 against the dollar and 86.34 pence versus the euro while investors watched stalled efforts to reach a U.S.-Iran agreement. Markets expect fewer than two quarter-point Bank of England rate increases this year.
Reported by Reuters · How we write briefs