UK police said they are considering whether relevant individuals may have worked for foreign actors, either knowingly or unknowingly.

Former Bank of Japan executive Kazuo Momma said the BoJ could raise its policy rate at the October meeting for a second consecutive month, sooner than many economists expect. He put the chance of back-to-back hikes at roughly 20-30%, saying the move would signal the pace of tightening could accelerate versus a baseline quarterly tempo. Momma warned the risk of underlying inflation rising above 2% is unlikely to weaken and is more likely to increase over the next three months. His base case is a terminal policy rate of about 2% by June or July next year, implying roughly three additional 25bp increases by the policy board.

London Metal Exchange stocks: tin down 25 tonnes, nickel down 24 tonnes, aluminium unchanged, copper down 150 tonnes, lead down 3,825 tonnes, zinc up 1,875 tonnes.