empty
 
 

2026.05.2807:07:52UTC+00Pound Slips After US Strikes on Iran

The pound slipped to $1.34 as tensions in the Middle East escalated, with renewed US–Iran frictions pushing oil prices higher and underscoring the fragility of recent peace efforts. Brent crude approached $97 a barrel after the US carried out airstrikes on an Iranian military facility and announced sanctions aimed at cutting off Iran’s revenue from ships transiting the Strait of Hormuz. A US official characterised the strikes as defensive and reiterated Washington’s commitment to the month-old ceasefire. Meanwhile, Kuwait reported intercepting hostile drone and missile threats. The flare-up in regional risk prompted traders to increase their bets on further Bank of England rate hikes, despite a run of weak UK data signalling sluggish economic activity.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback