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IEA Executive Director Birol said earlier that if the Strait of Hormuz is not open by end-June, the global economy would be in a red-alert zone.

2026-06-18

IEA Executive Director Birol said earlier that if the Strait of Hormuz is not open by end-June, the global economy would be in a red-alert zone.

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2026-06-18

The euro fell 1.00% against the US dollar on the day, currently trading at 1.1492.

The euro fell 1.00% against the US dollar on the day, currently trading at 1.1492.
2026-06-18

ONS data hours before the Bank of England decision show May employment +2,000 versus economists' -23,000 forecast; April employment decline revised to -53,000 from -100,000. Three‑month unemployment to April eased to 4.9% and vacancies fell to their

ONS data hours before the Bank of England decision show May employment +2,000 versus economists' -23,000 forecast; April employment decline revised to -53,000 from -100,000. Three‑month unemployment to April eased to 4.9% and vacancies fell to their lowest since early 2021. Weaker‑than‑expected UK inflation yesterday and a US‑Iran ceasefire that helped push global energy prices sharply lower have together cooled market pricing for further BoE hikes. Markets largely expect the Bank Rate to be held at 3.75% later today.
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