GBP/USD (British pound sterling/US dollar)

Investing.com -- The British pound faced sudden selling pressure on Thursday evening as intensifying domestic political headlines triggered a surge in foreign exchange risk premiums.

(Bloomberg) -- UK government bonds tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer as prime minister, threatening political instability that investors fear could result in more expansive fiscal policy.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Iran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWinners and Losers From Trump and X

The pound is also on track for its worst week since 2024 amid growing concern over political instability.

Even if Starmer’s premiership survives this, his days look numbered, and the prospect of yet another leadership change is spooking the U.K.’s government debt market.

(Bloomberg) -- Sharp moves in the Japanese yen that sent the currency to a 10-week high renewed speculation that the country is intervening in the market. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksStocks Hit All-Time Highs on Hopes War Is Near End: Markets WrapThe yen surged

(Bloomberg) -- Investor worries over higher energy prices and elections that look to be disastrous for the government pushed the UK’s long-term borrowing costs to the highest level since 1998 this week. The pound wasn’t fazed.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksDOJ Plans Intervention in Trump Supreme Court Carroll AppealTrump P

Investing.com -- Sterling and the euro surged on Wednesday as the dollar sold off sharply after Iran signalled the Strait of Hormuz could reopen and reports emerged that Washington and Tehran were closing in on a deal to end the Gulf war, triggering a broad risk rally and a steep slide in oil prices.

June British pound futures present a buying opportunity on more price strength.

Investing.com -- U.K. equities closed higher on Tuesday, while the pound strengthened against the dollar, amid reports that Washington and Tehran could be gearing up for another round of direct talks.

The age at which we receive the state pension is increasing, with some changes taking effect this month

Boosting your pension contributions or claiming tax relief are among the options that could help you retire comfortably

Investing.com -- Sterling weakened on Tuesday, hovering near $1.3234 by 0350 ET, as the dollar stayed firm ahead of a White House deadline tied to the U.S.-Iran conflict.

FTSE 100 closed in the green and Wall Street steadied, following reports that Iran was drafting a protocol with Oman to manage traffic in the Strait of Hormuz

June British pound futures present a selling opportunity on more price weakness.

Global markets rose on Wednesday as Trump signalled that an end to Iran war could be on horizon

Inflation rose as the conflict in the Middle East drove up oil and gas prices.

UK GDP is estimated to have increased by 1.4% annually in 2025, revised up from 1.3%, following unrevised growth of 1.1% in 2024.

The news has raised hopes that the current phase of the conflict will wind down soon.

Despite this dip, sterling is holding up comparatively well amongst other major currencies.

Trump said progress was being made but reiterated plan to target power plants if talks fail