Convera's George Vessey said in a report the pound has weakened as US-Iran tensions hit risk appetite and UK political uncertainty resurfaces. US forces struck Iran on Wednesday, and a win by potential challenger Andy Burnham in next month's UK by-el

2026-05-28

Convera's George Vessey said in a report the pound has weakened as US-Iran tensions hit risk appetite and UK political uncertainty resurfaces. US forces struck Iran on Wednesday, and a win by potential challenger Andy Burnham in next month's UK by-election could trigger a prolonged leadership challenge to Prime Minister Starmer. "Overall, sterling appears increasingly fragile; recent resilience has given way to more vulnerable, risk-sensitive characteristics."