GBP/USD rises as Trump signals Iran de-escalation, US Dollar sinks

GBP/USD rises as Trump signals Iran de-escalation, US Dollar sinks

The Pound Sterling (GBP) appreciates sharply against the US Dollar (USD) on Monday after US President Donald Trump postponed further military action against Iran, adding that talks between the two countries were productive and could end hostilities in the Middle East. At the time of writing, GBP/USD trades at 1.3459, up by more than 0.90%. […]

Early insurance hike risks and data focus – Societe Generale

Early insurance hike risks and data focus – Societe Generale

Societe Generale economists Fabien Bossy, Michel Martinez, Anatoli Annenkov and Sam Cartwright argue that the ECB is edging toward discussing early insurance rate hikes after the recent energy shock. They see around 50bp of room before policy becomes restrictive and stress that upcoming PMIs, inflation data, energy prices and financial conditions will be crucial for […]