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.

By BriefTea Editorial · 3 June 2026 at 13:29

Reported by Reuters · How we write briefs

Get the app

More briefs

WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half GeneralNotting Hill Carnival parade begins as Europe's biggest street party More top stories → Browse all stories →