Monthly Archives: May 2026
41654156156Pound Sterling to Face GDP Test Amid Weak Performance

Written on May 13, 2026 at 8:38 am, by pumarketings
Key Takeaways *The British pound has underperformed several G10 currencies despite GBP/USD recovering near 1.36, as weak UK growth prospects and expectations of gradual BoE easing continue to weigh on sterling. *Focus now shifts to the UK Q1 2026 GDP, where stronger-than-expected growth could support the pound. *Near-term GBP direction remains balanced between supportive BoEContinue Reading
Oil Surge Keeps Global Markets on Edge Amid Hormuz Risks

Written on May 13, 2026 at 8:29 am, by pumarketings
Key Takeaways *Oil remains the dominant macro driver across global financial markets as geopolitical tensions continue escalating in the Middle East. *Crude prices extended gains after President Donald Trump rejected Iran’s latest proposal, reinforcing fears that disruptions in the Strait of Hormuz could persist. *Reports of possible renewed military actions and discussions surrounding naval escortsContinue Reading
Dollar Strengthens as Hot CPI and Iran Risks Shake Markets

Written on May 13, 2026 at 8:23 am, by pumarketings
Key Takeaways *April CPI surged to 3.8% YoY, the highest since May 2023, reinforcing concerns that inflation may stay elevated for longer. *Stronger inflation data reduced expectations for near-term Fed rate cuts and even revived speculation of another potential rate hike later in 2026. *Escalating US-Iran tensions and uncertainty surrounding the Strait of Hormuz boostedContinue Reading
