---
title: "Pound slips as US-Iran clashes rattle markets"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287705714.md"
description: "The Pound fell to approximately $1.3495 due to US military actions in Iran and disappointing UK economic data, which lowered expectations for a Bank of England rate hike. The US targeted Iranian missile sites in the Strait of Hormuz, complicating peace talks. Oil prices initially dropped on ceasefire optimism but later rebounded amid uncertainty about the Strait's reopening."
datetime: "2026-05-27T02:40:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287705714.md)
  - [en](https://longbridge.com/en/news/287705714.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287705714.md)
generator: "portal-rs"
---

# Pound slips as US-Iran clashes rattle markets

Currency under pressure: Sterling dropped to around $1.3495 after US strikes on Iran and weak UK data dampened Bank of England rate hike expectations. Geopolitical flashpoint: US military targeted Iranian missile sites and boats in the Strait of Hormuz, citing self-defence, as peace negotiations faced new hurdles. Oil market swings: Crude prices plunged on ceasefire hopes before rebounding, reflecting uncertainty over reopening the Strait of Hormuz.

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## Related News & Research

- [Oil prices steady as investors assess US-Iran war outlook](https://longbridge.com/en/news/296417823.md)
- [Oil drops on lower demand forecasts despite deadlock in US-Iran talks](https://longbridge.com/en/news/295727368.md)
- [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md)
- [Oil edges up on uncertainty over exports through Hormuz](https://longbridge.com/en/news/296282399.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**