Sterling was last up 1% against the dollar at $1.348, after earlier falling more than 0.5% as investors flocked to the dollar. Yields rise as prices fall and vice versa. "U.S. efforts to de-escalate tensions need Iranian cooperation to be effective," said Ipek Ozkardeskaya, senior analyst at Swissquote. "How Iran responds will matter more than unilateral announcements from Mr Trump. Reporting Credits(Reporting by Harry Robertson in London and Canan Sevgili in Gdansk; Editing by Sharon Singleton and Hugh Lawson)

Source: The Guardian March 23, 2026 10:15 UTC