UK PM Starmer says the fuel duty will remain where it is until September
Starmer's statement about maintaining the fuel duty until September indicates a stable fiscal policy during a time of potential economic strain.
[MARKET ANALYSIS] Fixed income benefitting from lower energy prices as hawkish pricing pares back slightly
BoE FPC Minutes: Investor sentiment relating to risky credit markets, particularly private credit, had worsened before the conflict started
UK PM Starmer says the fuel duty will remain where it is until September
[MARKET ANALYSIS] DXY slips on a "de-escalation" trade, ADP Employment ahead
[MARKET ANALYSIS] Crude softer but off lows; metals mostly firmer
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- Prepared to take leadership role in reopening Hormuz.
This move could provide some relief for consumers and businesses, potentially easing inflationary pressures in the short term; however, it may also limit the government's flexibility to respond to future economic challenges. Additionally, his readiness to assume leadership in reopening the Hormuz Strait underscores a commitment to energy security, which could affect global oil prices and related markets.
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