Daily Market View 19-05-2026

Written by David Stritch | May 19, 2026 8:11:54 AM

Trump puts off strike on Iran after plea from Gulf countries

USD -

Whilst UK news of a potential change at the top has crowded out much of the news regarding Trump's trip to China and the ongoing negotiation's in and around the Gulf. Trump yesterday in a press conference stated that he was "very close" to resuming the kinetic conflict with Iran, before Gulf allies, including Saudi Arabia, Kuwait the UAE and a number of others, insisted against such action given how close they were to a deal.

Brent traded lower following Trump's comments as the market prepares to get hopeful for the 6th time in this war of its conclusion.

The Dollar traded sideway whilst the Pound dropped following a nightmare UK jobs report that saw unemployment rise from 4.9% up to 5%, a further slowing in private sector wage growth and 100,000 job losses, just in March.

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