Tuesday was not full stacked with economic data, it did not stop markets from being active. We can see continuing strength from safe haven currencies, particularly the USD.
The escalation in the Middle East are driving fears on continuing inflationary pressure, on oil and gas.
Energy markets have been a key driver of recent moves. Brent crude oil is at its highest level since July 2024, while UK wholesale gas prices have jumped to the highest level since October 2022. Despite this, sterling has remained relatively stable against several non-dollar currencies.
CLICK HERE to read more.
