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Markets Price in A BoJo Win
The week started on weak footing today with no key releases on the economic calendar. Geopolitical headlines amid renewed UK-Iran tensions have, however, managed to increase capital inflows, mainly noticed in crude oil.
The rest of the markets remain somewhat muted except for the British pound.
Sterling is taking a good beating as markets seem to be pricing in a BoJo win on July 22nd. Borris is pro-Brexit before the October deadline.
UK Tanker Seizure Approach Could Destabilise Diplomacy
Last Friday, Iran seized a British tanker in the Strait of Hormuz in a response to Britain’s original impounding.
The tit-for-tat move follows a round of recent scuffles not only with the UK but also with the US, adding to concerns that a diplomatic resolution is at risk. UK officials claim their seizure two weeks ago was legal, whereas Iran’s Revolutionary Guard is ̶...
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