Day: June 23, 2026

British Pound falls amid UK political uncertainty and hot US PMI

British Pound falls amid UK political uncertainty and hot US PMI

The Pound Sterling (GBP) dives over 0.40% on Tuesday as risk appetite shifts sour, as the recently sworn-in MP Andy Burnham prepares to succeed Prime Minister Keir Starmer, who lasted two years at the job. At the time of writing, GBP/USD trades at 1.3195, after reaching a daily high of 1.3257. GBP/USD drops as UK […]

Heat and outages support prices – Commerzbank

Heat and outages support prices – Commerzbank

Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired power use, complicating European storage refilling. An explosion at Qatar’s LNG complex may delay a planned ramp-up to 80% of pre-war exports, keeping LNG supply tight for longer and potentially supporting higher gas prices through the summer. […]

Gold drops to two-week low, vulnerable on Fed hike bets and strong USD

Gold drops to two-week low, vulnerable on Fed hike bets and strong USD

Gold (XAU/USD) adds to its Asian session losses on Tuesday and drops to a nearly two-week low, around the $4,115 region in the last hour amid a bullish US Dollar (USD). Despite positive signals from US-Iran peace talks, widespread skepticism remains toward a final deal. This, along with the US Federal Reserve’s (Fed) hawkish tilt, […]