GBP/USD rebounded from 1.3480 gap as Middle East tensions lifted oil; dollar eased; UK sentiment weakened.
USD/CAD extended losses on softer US Dollar, while Canada CPI and Iran tensions supported the Canadian Dollar.
Canada’s March CPI rose 0.9%, lifting annual inflation to 2.4% as fuel costs surged; core eased.
Brent swung on Iran-Hormuz headlines; ceasefire hopes lifted prices, then reversal shut strait, disrupting shipping.
Sterling steadied after US–Iran jitters; UK politics and key data loom, leaving GBP/USD range-bound near 1.35.
ECB speakers precede blackout; markets lean toward June hike odds. Key eurozone surveys this week test April softness.
Pound fell as UK yields dropped, BoE rate-hike expectations eased; Bailey cautioned, political uncertainty pressured sterling.
Governor Ueda’s cautious IMF tone raises doubts on April hike as wages rise, CPI looms soon.
Canada’s CPI rose to 2.4% as energy drove gains, while core inflation eased despite higher groceries, rents.
Gold has swung between $4,405 and $5,450, pressured by yields, dollar strength, yet structurally supported.
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