EUR/USD
1.11257
0.005%
Gold
4048.39
-0.288%
Oil
100.985
1.465%
USD/JPY
157.892
-0.032%
GBP/USD
1.32870
-0.141%
GBP/JPY
209.796
-0.165%
Real-time News
On October 28th, Capital.com analyst Daniela Hathorne stated in a report that if the UK budget announced on Wednesday disappoints, the negative impact on UK government bonds and the pound could outweigh the positive boost from convincing fiscal measures. She said, "The pound and UK government bond markets have been relatively calm ahead of the budget announcement, indicating that the market expects the government to adopt a cautious fiscal policy." Hathorne pointed out that if the budget dispels market doubts, UK government bond yields may fall, and the pound will also receive support. However, since the market has already priced in relatively mild expectations, the related movements may be limited. In contrast, if the fiscal forecasts are disappointing, the negative market reaction could be significantly amplified.According to the New York Times: The Trump administration has made concessions on the opioid ban.Russian President Vladimir Putin: Russia needs to increase its trade with Africa to at least $50 billion.On October 28, amid escalating regional tensions, the U.S. military advised ships to stay away from the area unless absolutely necessary to travel between ports in the Gulf of Oman and the Strait of Hormuz. The U.S. Naval Central Command issued a statement Wednesday via the Joint Maritime Information Center, stating, "Given the current geopolitical situation, it is recommended that ships not needing to transit the area maintain a safe distance to avoid unnecessary delays." The statement further noted, "Ships planning to transit the area should now allow extra time for potential increased traffic and the implementation of military blockade operations." The specific reasons for this warning are currently unclear. The last time the U.S. military publicly issued a similar notice was in mid-July, when the U.S. began a blockade of Iranian shipping. At that time, the U.S. military stated that the blockade would not prevent neutral vessels from transiting the Strait of Hormuz, but that vessels should be prepared to be questioned and explain their navigational intentions.Shares of British banks including NatWest, Lloyds and Barclays rose after reports that the UK bank surcharge would be temporary.
