GBP -
Despite the Presidents attempts to seemingly lay the foundation for an American withdrawal from the conflict yesterday in a confused press conference where he said the war had been "won completely". He then went on to conflict this statement in the same sentence by saying "more bombings are needed".
Meanwhile, traffic through the strait remains at an all time low, dropping from 202 freighters passing through a week in February to just 1 in the last 7 days.
This seems unlikely to change soon with the Royal Navy reporting three tankers ablaze in the strait after being hit by Iranian missiles. Moreover, the chances of UK inflation falling to 2% by the end of this year seems to have vanished according to Bloomberg.
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