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US-Iran tensions lifted oil prices and raised bets the Bank of England will tighten; sterling rose to a one-year high vs the euro and a three-week high vs the dollar. Monex Europe said the oil shock is reinforcing the Bank of England's tightening out

2026-07-09

US-Iran tensions lifted oil prices and raised bets the Bank of England will tighten; sterling rose to a one-year high vs the euro and a three-week high vs the dollar. Monex Europe said the oil shock is reinforcing the Bank of England's tightening outlook and that "the UK's inf problem remains more stubborn than the US or euro area." Easing UK political risks and an IMF upgrade to the UK's growth forecast also underpinned sterling.

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2026-07-09

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2026-07-08

ECB Governing Council member Nagel said the ECB will adopt a meeting-by-meeting approach.

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