Pound bertahan di atas 1.36, ekspektasi kenaikan suku bunga Bank of England terus memberikan dukungan

⑴ Pound sterling trading above 1.36 against the US dollar, reaching its strongest level since mid-February. The market continues to price in an interest rate hike by the Bank of England this year, despite oil prices falling. Concerns about persistent inflation and rising government debt remain. ⑵ Brent crude oil has declined for the third consecutive day. Iran and Oman are holding talks on reopening the Strait of Hormuz, and Oman’s Ministry of Foreign Affairs stated that a temporary corridor could be announced soon. There are also rumors that the US and Iran may reach a new ceasefire agreement within the next few days. The currency market is pricing in at least a 25 basis point rate hike by the Bank of England before year-end. Inflation accelerated to 2.9% in July, the highest since March, and is expected to rise further by year-end. The market is focused on the first budget proposal from the new government in October.