Gold prices have hit a two-month low, as air strikes were traded between the US and Iran in the early hours of this morning, creating further doubt that a peace deal was close.
The USD Dollar has largely remained unmoved heading into today, as focus remained on negotiations between the United States and Iran.
Markets head into the new week with geopolitics once again dominating sentiment, as negotiations between the US and Iran appear to be entering their most critical phase yet.
The US Dollar has steadied overnight after yesterday's Federal Reserve meeting minutes showed that more policymakers were in favour of interest rate hikes.
Yesterday afternoon we did see GBP regain some of its recent losses to the USD and EUR. It came after what could be UK’s next Prime Minister, Andy Burnham confirming he won’t try to amend the existing fiscal policies that have been designed to create sustainability of the country’s debt liabilities.
The political situation in the UK is continuing to catch headlines. Keir Starmer is still under immense pressure and with MP's resigning cause they don't believe in the leadership, raises eyebrows of what's to come next.
U.S Producer Price Inflation shot up against expectations yesterday, overperforming by 1.2% which has been put down largely to the impacts from the Middle Eastern conflict.
This morning has seen the US Dollar lose some momentum, as Donald Trump stated last night that the operation Project Freedom will be paused as a deal with Iran edges closer.
