British Pound stalls as UK GDP shrinks, diplomacy boosts risk mood
The Pound Sterling (GBP) turns negative against the US Dollar (USD) on Friday after UK data showed the economy contracted in April, while rising prospects of an agreement between the…
Gold gains on hopes for Iran peace deal, but falls for the week on rate jitters
Gold gains on hopes for Iran peace deal, but falls for the week on rate jitters Source link
Iran denies Trump contact claim as US says no warships hit in Hormuz
Conflicting claims between Washington and Tehran are likely to keep volatility elevated, with markets struggling to verify the actual state of play in the Strait of Hormuz. The US military's…
BoE expected to hold rates as economists split on next move – Reuters poll
A Reuters poll released on Friday found that the Bank of England (BoE) is projected to keep the Bank Rate at 3.75% at the June 18 meeting, based on a…
Exxon Mobil set to place Alex Volkov as head of global trading, sources say
Exxon Mobil set to place Alex Volkov as head of global trading, sources say Source link
Al Qaeda-linked militants curb their brutality in seized Malian territory
Al Qaeda-linked militants curb their brutality in seized Malian territory Source link
USD/JPY Continues Its Climb: Is There a Limit?
USD/JPY rose to 160.52 on Thursday, marking its highest level since July 2024. The Japanese yen remains under significant pressure despite a notable acceleration in Japan’s producer price inflation. According…
Silver price firms as US Dollar weakens, US-Iran talks eyed
Silver (XAG/USD) trades around $67.50 on Friday at the time of writing, up 0.21% on the day. The white metal maintains a positive bias despite improving market sentiment driven by…
Gold pauses recovery as traders await clarity on US-Iran peace deal
Gold (XAU/USD) consolidates on Friday as traders await further developments on a potential US-Iran peace deal. At the time of writing, XAU/USD is trading around $4,200 after climbing to an…
Oil update ICYMI – US bombed Iran second night in a row
Trump has been well and truly snookered. Flailing now. All he has is bombs. So far:Bombing across southern Iran near HormuzUS Iran strikes focus to force deal Iran shuts Strait…
