General · 2 June 2026
Sterling Holds Steady as Iran Talks Watched
Photo by Colin Watts on Unsplash
People exchanging money or travelling abroad saw mixed movements in the pound, with some stability noted but also a slip against the dollar, as markets kept a close watch on events linked to Iran and the Strait of Hormuz. On 2 June, sterling was broadly unchanged against the dollar and euro, while investors also weighed UK political uncertainty and interest-rate expectations. Barclays pointed to the 18 June Makerfield vote and possible effects on views of Britain’s public finances.
Reported by Reuters · How we write briefs