Business · 10 August 2026
Pound stays steady near a three-week high as traders await economic data
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The currency traded just above $1.35 on Monday while markets wait for monthly economic growth figures due this Thursday. Traders are also watching Middle East negotiations over reopening a critical oil route, the Strait of Hormuz. The Bank of England is delaying any interest rate increases until it becomes clear how the regional tensions will affect global energy prices.
Reported by Reuters · How we write briefs