4 Hrs
Source:
الاقتصادية
Pound Gains as Dollar and Oil Fall
The price of the British Pound rose during trading as the US dollar declined due to falling oil prices, reaching 1.324 against the dollar after dropping to 1.3184 on Thursday. It also achieved gains against the euro, which remained at 84.74 pence. This came amid a decline in global bond yields caused by lower oil prices, which eased pressures on currencies. Meanwhile, the price of Brent crude futures remained stable at $103.30 per barrel after a 1% decrease, with expectations of the dollar remaining strong and energy prices supported by the Federal Reserve's anticipated interest rate hikes.
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