Investor risk appetite drives the pound to $1.33 and lifts European equities amid U.S.-Iran talk progress.
The pound sterling climbed to $1.33, its highest level in two weeks, as investors shifted toward riskier assets. European markets followed suit, with the UKX gaining 0.26% and Germany’s DAX rising 0.33%, marking its third consecutive session of gains.
The move reflects optimism over indirect U.S.-Iran negotiations, easing geopolitical tensions. European equities last saw similar strength over a week ago, with the DAX reaching its highest point since then.
No immediate market reaction data was provided, but the shift suggests broad-based sentiment improvement.