An RBC Capital Markets strategist said recent pledges by UK Prime Minister Burnham and Chancellor Healey to maintain fiscal discipline could support UK gilt performance. Healey’s speech this week reaffirming the government’s commitment to fiscal responsibility has eased investor concerns ahead of the Oct. 28 budget, the strategist said. The Tuesday syndication of a gilt maturing Jan. 2056 will test demand for UK government debt; the strategist said the fiscal backdrop should be supportive of dem

GBP/USD traded little changed in the near term.

Nabil Huri, former US diplomat and head of the US mission to Yemen, said al-Jawf province on the Saudi border is a key focus of a Saudi-backed offensive because it functions as a logistics corridor to the internationally recognised Yemeni government. Huri warned the fighting is not solely a Yemeni civil war but part of a broader regional contest that aligns the US, Israel and some Gulf states against Iran and its allied "axis of resistance", including Hamas, Hezbollah and the Houthi movement.