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.
Reported by Reuters · How we write briefs