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fxJun 11, 2026, 3:35 PM

British Pound Falls as US PPI Reflects Iran Conflict Impact

The British Pound slipped 0.19% on Thursday after the US Producer Price Index showed the effect of the Iran war on energy prices, fueling a US Dollar rebound and oil recovery.

GBPUSD

The British Pound edged lower by 0.19% on Thursday, pressured by a stronger US Dollar following the latest US Producer Price Index (PPI) report. The data highlighted the impact of the Iran war on energy prices, which contributed to a rebound in the greenback.

Escalating hostilities between Washington and Tehran triggered a recovery in oil markets, adding to the dollar's strength. The pound's decline reflects broad market risk aversion and the dollar's safe-haven appeal amid geopolitical tensions.

Source: FXStreet Forex News