UK politics and fiscal worries weigh – BBH

UK politics and fiscal worries weigh – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes that GBP/USD has risen above pre-war levels as United Kingdom (UK) local and Scottish elections test Prime Minister Keir Starmer’s leadership. Haddad warns that a strong Green Party showing could push policy leftward and worsen fiscal concerns, with UK nominal Gross Domestic Product (GDP) growth running below 10-year […]

Euro holds gains amid US-Iran peace hopes, upbeat Eurozone data

Euro holds gains amid US-Iran peace hopes, upbeat Eurozone data

The Euro (EUR) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, trading at 1.1765 at the time of writing, fuelled by hopes of a peace deal that would end Iran’s war and upbeat Eurozone macroeconomic releases. Data released by Eurostat on Thursday showed that Eurozone Retail Sales edged down by […]

Market reacts to Iran peace prospects – Rabobank

Market reacts to Iran peace prospects – Rabobank

Rabobank’s Senior Market Strategist Benjamin Picton notes that Brent crude fell sharply as markets focused on potential peace in the Iran conflict and a reopening of the Strait of Hormuz. Picton highlights how any Iranian ‘tollbooth’ control over Hormuz could reshape global energy flows, Gulf Cooperation Council export routes and post-war Oil market structure. Brent […]