Business · 8 July 2026
Sterling stays steady as Iran tensions grow again
People saw little change in the pound despite rising tension in the Middle East. Sterling held almost unchanged on Wednesday after Donald Trump said an interim agreement with Iran had ended following fresh attacks on US bases in the Gulf, while oil prices climbed and currency markets stayed calm. Brent crude reached $78.36 a barrel, and sterling traded at $1.3351.
Reported by Reuters · How we write briefs