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Sterling weakens amid uncertainty over Iran conflict and UK politics

Summary by Invezz
The British pound weakened on Tuesday as investor optimism surrounding a possible Iran peace agreement faded following recent US attacks on Iranian targets and comments from US Secretary of State Marco Rubio suggesting negotiations could take more time.Sterling was last down 0.2% against the US dollar at $1.348 after gaining 0.6% on Monday.The earlier rally had been driven by hopes of a deal that could end the conflict and reopen the Strait of H…
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Invezz broke the news on Tuesday, May 26, 2026.
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