Pound Slides 0.3% as Dollar Gains

Sterling fell to 1.3416, down 0.3%, after the dollar strengthened on failed US‑Iran peace talks and heightened geopolitical risk.
The dollar index rose on higher oil prices following Washington’s announced naval blockade of Iranian exports, tightening global supply.
ING analysts said the dollar’s rally may be capped, while EUR/USD slipped to 1.1689, staying above the 1.1600 support.
Investors will watch IMF Spring Meeting central‑bank commentary on oil‑price‑driven inflation risks, as FX markets remain driven by geopolitics.