Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty (opens original article in a new tab)

The dollar strengthened as tensions between the U.S. and Iran escalated, while the pound fell due to UK political uncertainty and the yen approached a two-year low amid Fed pressure.

• Dollar firms as U.S.-Iran peace deal faces uncertainty due to Trump's threats and Iran's closure of Strait of Hormuz
• Sterling dips amid UK political uncertainty following Starmer's potential political future
• Japanese yen near two-year low as Fed's hawkish stance pressures currency and yields rise