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ARTICLE · 11 MAY 2026

Iran Uncertainty Infuses Fresh Volatility Into The US Dollar

IR Global
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The pound (GBP) was left subdued yesterday after data suggested that UK retail conditions ‘darkened’ this month.

GlobalFinance and Banking
Amanda Dunn (Currencies Direct)
Amanda Dunn (Currencies Direct)
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Pound (GBP) muted on worrying retail data

The pound (GBP) was left subdued yesterday after data suggested that UK retail conditions ‘darkened’ this month.

The Confederation of British Industry’s (CBI) latest distributive trade index fell to a record low in April, with the outlook for retailers growing increasingly bleak amid the challenges posed by rising cost pressures.

UK economic data is in short supply today, which may leave Sterling directionless, particularly ahead of the Bank of England’s (BoE) interest rate decision later in the week.

Euro (EUR) buoyed by USD weakness

The euro (EUR) traded with modest support on Monday, buoyed by its strong negative correlation with the US dollar (USD) as the latter came under pressure.

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