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(02 Apr 2026, 15:08)

GBP/USD slumps as FTSE slides, Pound tanks 1% against INR

British Pound slumped today, giving up gains seen in last session as the US dollar spiked amid general sense of risk aversion in equities. UK stocks fell in early trade on Thursday as oil prices jumped after Donald Trump said in his first national address since the start of the war that the US would hit Iran extremely hard in the coming weeks. The UK benchmark equity index FTSE 100 slipped more than half a percent. Brent crude was up around 6.5% at $108 a barrel. GBP/USD pair is currently down 0.75% at 1.3199, falling near four-month lows and paring gains of 0.55% in last session. On NSE, GBP/INR futures fell 1% to quote at 124.75 amid choppy trading.
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