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Live Updates

13

May 2026
Rising US inflation and Hormuz disruption cast doubt on Warsh’s early Fed cuts, lifting dollar

Rising inflation and energy prices complicate early Fed rate cuts, supporting dollar as Hormuz risks persist.

13

May 2026
Commerzbank warns hotter US inflation and Hormuz-linked energy costs may delay Kevin Warsh rate cuts

Commerzbank warns stubborn inflation, higher energy prices may delay Warsh’s Fed rate cuts, supporting a stronger dollar.

13

May 2026
Sterling slides towards 1.3500 as US inflation lifts Fed hike bets, UK GDP awaited

GBP/USD slid near 1.3500 as firm dollar, hotter US CPI and Fed hike odds weighed; UK GDP awaited.

13

May 2026
India hikes gold and silver import tariffs to 15% to rein in deficit and support rupee

India raised gold and silver import tariffs to 15% from May 13, 2026, to curb imports.

13

May 2026
Reuters poll shows economists eye June ECB rate rise, with further 2026 hikes increasingly priced

Reuters poll: most economists expect ECB to raise deposit rate 25 bps to 2.25% in June.

13

May 2026
Euro slips below 0.8650 versus sterling as soft Eurozone data weighs, outlook turns supportive

Euro weakens versus sterling near 0.8650 after soft Eurozone GDP, production; UK politics tense, GDP awaited.

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