General · 3 June 2026
Pound Holds Near $1.34 As Oil Rises
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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