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Cheaper Oil, If It Lasts (FX Edition, 2 Nov 2026)
Oil fell about 3% overnight, with Brent near $110, after Iran said a Qatar-brokered plan could reopen the Strait of Hormuz within two days. But tankers are still being hit, and Gulf diplomats told the FT they fear strikes after the US midterms.
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4:22NewHot US Inflation, Pound Below $1.34 (vertical) | Market Updates FX Edition 11 Nov 2026
US prices rose faster than expected, a Fed governor put a half-point December rise on the table, and the pound slipped below $1.34. Sam and Daniel on what it means for gilts, mortgages and holiday money, plus oil's bounce and Nvidia's slide.
4:22NewHot US Inflation, Pound Below $1.34 | Market Updates FX Edition 11 Nov 2026
US consumer prices rose 0.4% in October against 0.3% expected, core prices rose 0.3% against 0.2%, and Fed Governor Christopher Waller says a half-point rise in December is on the table. The dollar jumped, the pound slipped below $1.34 to about $1.3350, and UK gilt yields followe
4:21NewHot US Inflation, Pound Below $1.34 (FX Edition, 11 Nov 2026)
US consumer prices rose 0.4% in October against 0.3% expected, and Fed Governor Christopher Waller says a half-point rise in December is on the table. The dollar jumped and the pound slipped below $1.34 to about $1.3350.
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