US inflation cooled slightly in July, with the annual headline rate falling from 3.5% to 3.4%, in line with market expectations. Consumer prices rose by just 0.1% during the month, while core inflation, which excludes volatile food and energy prices, increased by 0.2%.

Oil prices extended their recent gains this morning, approaching a two-week high as the United States and Iran continue to struggle to reach an agreement that could pave the way for the reopening of the Strait of Hormuz.

Oil prices remain highly volatile, having surged by approximately 13% since Friday amid growing doubts over whether President Trump’s latest peace initiative will progress as intended.

Buying a car is rarely just a question of finding a monthly payment that looks manageable.

Last week was relatively quiet across currency markets for much of the period, particularly compared with the level of geopolitical volatility we have become accustomed to this year.

Growing optimism over an interim agreement to reopen the Strait of Hormuz has led to Dollar weakness overnight, easing concerns to inflation worries globally.

For much of this year, investors have been trying to answer one question: have central banks finished tightening monetary policy? Last week, we moved one step closer to an answer.

The Federal Reserve's meeting last night saw them keep their rates unchanged as was expected, however off the back of the meeting we saw the Dollar have its worst day in 4 weeks.