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%.

By BriefTea Editorial · 9 July 2026 at 15:42

Reported by Reuters · How we write briefs

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