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Sterling drops as Israel's strikes on Iran boost safe-haven dollar - REUTERS

JUNE 13, 2025

LONDON, June 13 (Reuters) - The pound fell on Friday, in sync with other volatile currencies such as the Australian dollar, after Israel launched a flurry of strikes on Iran, sending investors scurrying into the relative safety of the dollar.

Sterling fell almost 0.7% to a low of $1.35225, mirroring the 0.9% declines in the Aussie and New Zealand dollars . The euro meanwhile rose 0.2% against the pound to 85.23 pence.

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Israel's strikes targeted nuclear facilities, missile factories and military commanders, and Iranian media and witnesses reported explosions including at the country's main uranium enrichment facility.

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