Forex
GBP Holds Firm Ahead of Key Speeches on Iran Sanctions
The British Pound has maintained its stability against the US Dollar, trading around 1.3640 as investors await key speeches from US Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh.
Bessent warned Tehran in a Financial Times article that an economic 'D-Day' is looming, with countries linked to Iran facing potential retaliation from Washington. In response, Iran threatened to halt oil exports if the economic war continues.
The US Dollar Index has risen 0.15% to 98.98, capping Sterling's advance. The GBP/USD pair remains near its opening price, barely unchanged.