Economic data

British Pound retreats from 1.34 as Iran tensions boost USD demand

FXStreet22 October 2026, 15:58 UTCUnited Kingdom

The Pound Sterling retreats against the US Dollar down 0.16% after hitting a high of 1.3419 as tensions in the Middle East rise and US jobs data shows the labor market remains strong. This increases the chances that the Federal Reserve may raise rates, but not in October.

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