ING’s James Smith notes that UK inflation rose to 3.3% in March on higher fuel costs and is likely to move towards 3.5–4% later in 2026, helped by July’s increase in household energy bills.
Commerzbank economists Bernd Weidensteiner and Christoph Balz assess the implications of Kevin Warsh’s potential appointment as Federal Reserve (Fed) Chair for US monetary policy.
European Central Bank (ECB) Governing Council member and head of Lithuania's central bank, Gediminas Simkus, said during European trading hours on Wednesday that an interest rate hike this year cannot be ruled out.
EUR/CAD extends its losing streak for the sixth consecutive day, trading around 1.6040 during the European hours on Wednesday.
DBS Group Research economist Radhika Rao notes that the Reserve Bank of India (RBI) has partially rolled back recent FX curbs that were introduced to stem one-sided Indian Rupee (INR) depreciation.
BNY’s Geoff Yu observes that while global equity indices have rebounded, institutional cash holdings remain below pre-conflict levels across all regions.
Here is what you need to know on Wednesday, April 22:
The Islamic Revolutionary Guard Corps (IRGC) has warned it would inflict “crushing blows” against “the enemy’s remaining assets” in the Middle East if fighting resumed, according to Iran’s semi-official Tasnim news agency, The Guardian reported.
MUFG's Senior Currency Analyst Lloyd Chan notes that stalled US–Iran talks and an extended United States (US) ceasefire have shifted the conflict into a prolonged standoff, with a continued blockade of Iranian ports.
EUR/GBP extends its losses for the second successive day, trading around 0.8690 during the Asian hours on Wednesday. The currency cross remains subdued ahead of the United Kingdom’s (UK) March Consumer Price Index (CPI) data release.
The European Central Bank (ECB) Governing Council member Martins Kazaks said on Wednesday that the central bank has ‘luxury’ to wait on interest rate rises.