Business · 14 September 2026

Pound drops to a one-month low as oil prices hit $108

Investors moved their money into the safer US dollar on Monday, pushing the value of sterling down to $1.3474. Brent crude went up to $108 a barrel after Houthi attacks on Saudi Arabia and stalled US-Iran diplomacy. Experts think the Bank of England will leave interest rates unchanged at its Thursday meeting, despite strong July growth.

By BriefTea Editorial · 14 September 2026 at 13:25

Reported by Reuters · How we write briefs

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