Sterling gains slightly as yen rallies

The pound rose against the U.S. dollar on Thursday, recovering from a three-week low. A sharp rally in the Japanese yen weighed on the dollar, while easing oil prices provided further support to currency markets.

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A portrait of Britain's King Charles is displayed on a British five pound note in this illustration taken in Manchester, Britain, November 25, 2025. REUTERS/Phil Noble/Illustration

The pound climbed 0.1% to $1.35 on Thursday morning, recovering from a three-week low. The currency found support from a sharp rally in the Japanese currency and a cooling of energy costs.

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