UK Maritime Trade Operations (UKMTO) said crew are safe and advised all transiting vessels to exercise caution.

HSBC UK rates strategist Daniela Russell said in a report that gilt yields are likely to fall further over the coming months as inflation concerns ease, with short-dated yields likely to decline faster than long-dated yields. HSBC expects the UK 10-year gilt yield to reach 4.50% by end-2026. Tradeweb data showed the UK 10-year yield fell 5.5bps to 4.750% after UK inflation came in below expectations; it earlier hit a two-month low of 4.734%.

Fed dot plot shows 18 of 19 officials submitted projections; one official did not submit.