Business · 27 July 2026

Pound rises against the dollar after crude oil prices fall 9%

A barrel of Brent crude now costs $87.84 because America and Iran stopped their military strikes over the weekend. Cheaper energy makes traders think the Bank of England will keep UK interest rates on hold at 3.75% when it meets this Thursday. Investors are also feeling positive about the new government, with Prime Minister Andy Burnham promising to protect financial services.

By BriefTea Editorial · 27 July 2026 at 13:19

Reported by Reuters · How we write briefs

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