British pound rebounds from three-week low

The recovery of the British pound resulted in a slight increase of 0.1%, reaching $1.35, after hitting its three-week low at $1.348. This was supported by a decline in the US dollar and stable oil prices. The markets continue to eagerly await developments in the US-Iran conflict and its impact on the British currency. The rise in oil prices and the weakening dollar have helped boost the pound's gains, while markets are also anticipiating global interest rate hikes due to rising energy costs and market tensions. Meanwhile, UK government bond yields have decreased.

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