The ongoing closure of the Strait of Hormuz, following seven turbulent weeks of war, has amplified global economic uncertainty, with a new analysis suggesting that central bank actions—particularly in the short term—will dictate the immediate winners and losers in the foreign exchange markets. Thu Lan Nguyen, head of FX and commodity research at Commerzbank AG,

Unemployment in the United Kingdom unexpectedly fell in the three months to February, offering a brief sign of resilience in the labour market. However, economists and business groups warn that the fallout from the Middle East conflict is likely to reverse this trend, with rising energy costs expected to weigh on hiring and push joblessness

Fifty days into a war that has rewritten the rules of global energy, the Strait of Hormuz has opened and closed three times already. The last opening lasted less than 24 hours. The ceasefire expires on Wednesday. And the people who actually move oil around the world are far more alarmed than the people trading

British consumer morale dropped sharply last month, hitting its lowest level since mid-2023, according to two surveys released on Monday. The decline reflects growing concerns over inflation and geopolitical tensions in the Middle East. Data from S&P Global showed its consumer sentiment index fell to 42.3 from 44.1, marking a 33-month low. Meanwhile, a separate

The International Monetary Fund is preparing to deepen its engagement with Venezuela, with Managing Director Kristalina Georgieva signaling that a financial support program could follow if key conditions are met. Speaking at a press conference in Washington, Georgieva said the IMF is ready to assemble a staff team to work with Venezuelan authorities, marking a

The nomination of Kevin Warsh to lead the Federal Reserve is fast becoming one of the most contentious confirmation battles in recent years, reflecting a broader clash over central bank independence, political influence and economic policy at a time of heightened global uncertainty. As lawmakers prepare for a high-stakes hearing on April 21, a convergence

Global financial markets are showing renewed optimism as US President Donald Trump signalled confidence that the war in Iran could end soon, with talks potentially resuming over the weekend. Investor sentiment has improved on expectations of a diplomatic resolution. However, the positive mood may face challenges from upcoming economic data expected to reflect slowing business

We are in the middle of the largest oil supply shock in history. A war is still raging. Consumer confidence is at record lows. But somehow, the S&P 500 is at an all-time high. Seems confusing. In April alone, the S&P 500 is up more than 8%. Most investors are cheering, while others are confused

There are more articles about dollar dominance right now than there are buyers of it. Everyone has a take. Most of them are either panicking or dismissing. Here’s what’s actually happening. The numbers don’t lie, but they don’t tell the whole story either The DXY index sits at roughly 98 as of mid-April 2026, down

The Office for National Statistics said the British economy expanded more than expected in February, offering a brief boost to growth before rising energy prices and geopolitical tensions cloud the outlook. Gross domestic product grew by 0.5% in February, significantly above economists’ expectations of a 0.1% increase. The reading marked the strongest monthly growth since