There was a surprisingly large sell-off in sterling yesterday after markets bought into the view that the fiscally responsible Chancellor, Rachel Reeves, could be forced to resign.
West Texas Intermediate (WTI) Crude Oil continues to trade in a narrow range on Wednesday, consolidating after a sharp selloff triggered by the Iran–Israel ceasefire, as geopolitical risk premiums unwind and traders reposition ahead of the upcoming Organization of the Petroleum Exporting Countries a
Gold (XAU/USD) price is attempting to extend its recovery as traders digest Wednesday’s Automatic Data Processing (ADP) employment report.