Business · 24 August 2026

Pound slips against the dollar ahead of new US sanctions on Iran

The UK currency dropped about 0.1% on Monday just days after reaching a six-month high. Financial markets are feeling jittery over how Tehran might respond when America imposes fresh penalties on Iranian trading partners. Despite this minor wobble, sterling remains a top-performing major currency this year because investors think the Bank of England will increase borrowing costs.

By BriefTea Editorial · 24 August 2026 at 12:52

Reported by Reuters · How we write briefs

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