Business · 10 July 2026
Pound reaches one-month high against the dollar as rate rise bets grow
Sterling climbed to about $1.345, its strongest level in nearly a month, and also reached a one-year high against the euro. Traders backed the pound after Bank of England chief economist Huw Pill signalled interest rates could still rise, while stronger UK growth data and easing political uncertainty also helped. Oil prices stayed around $76 a barrel after rising about 5% this week.
Reported by Reuters · How we write briefs