Greene voted with the majority of her colleagues on the BoE’s Monetary Policy Committee to keep rates on hold in April but said at the time that an increase might be needed in upcoming meetings
International News via Reuters:
Bank of England interest rate-setter Megan Greene said central banks should not assume that the Iran war’s inflationary hit will be temporary and that policymakers cannot wait to see all the evidence of the impact before taking a stance on rates.
“This is our third negative supply shock in five years. We do have to worry about wage and price setting,” Greene said at a Financial Times event on Monday.
“Traditionally you look through negative supply shocks, but I think when you have successive ones, actually that’s outdated folklore and we shouldn’t be looking through them anymore.”
Greene voted with the majority of her colleagues on the BoE’s Monetary Policy Committee to keep rates on hold in April but said at the time that an increase might be needed in upcoming meetings.
In her comments on Monday, Greene said the second-round effects from the energy price surge – such as workers demanding more pay or companies raising their selling prices on a broad basis – would take a year to become apparent.
Separately, another MPC member Catherine Mann said she was awaiting data – including official April inflation figures due on Wednesday as well as more forward-looking indicators – to help her assess the upward risks to inflation.
Uncertainty over the future of British Prime Minister Keir Starmer could weigh on economic growth, Mann told Reuters on the sidelines of a conference in Budapest organised by Hungary’s central bank.
“Instability of a variety of types is deleterious to decision-making by firms and households, and so it does tend to be associated with … ‘let’s wait and see’, and so that’s not good for growth,” she said.
Investors are pricing at least two BoE rate hikes before the end of the year but most economists polled by Reuters last week forecast no change in borrowing costs.
Reporting by William Schomberg in London and Gergely Szakacs in Budapest; editing by William James and David Milliken
The World Health Organization on Sunday declared the outbreak a public health emergency of international concern because of the high risk the disease could spread further beyond DRC’s borders
People at Bunia General Referral Hospital following confirmation of an Ebola outbreak involving the Bundibugyo strain in Bunia, Ituri province, Democratic Republic of Congo, May 16, 2026. REUTERS/Victoire Mukenge
International News via Reuters:
Medical personnel were rushing on Monday to the frontlines of a new Ebola outbreak in eastern Democratic Republic of Congo whose late detection and quick spread have alarmed health experts.
The World Health Organization on Sunday declared the outbreak a public health emergency of international concern because of the high risk the disease could spread further beyond DRC’s borders after two cases were confirmed in Kampala, the capital of neighbouring Uganda.
The outbreak is suspected to have killed around 80 people in recent weeks, with eight cases confirmed by laboratory testing and 246 suspected cases reported in eastern DRC’s Ituri province.
Another case was confirmed in neighbouring North Kivu province’s capital, Goma, according to the M23 rebels who control the city. The U.S. Centers for Disease Control and Prevention (CDC) also said on Sunday that it was supporting partners withdrawing a small number of directly affected Americans.
A delegation led by DRC Health Minister Samuel Roger Kamba arrived in Ituri’s capital Bunia on Sunday with tents to set up treatment centres to support strained local hospitals.
“This is not a mystical disease,” he told Reuters. “Make yourself known so that you can be taken care of and so that we can prevent the disease from spreading.”
WHO’s representative in DRC, Anne Ancia, said WHO had emptied its stocks of protective equipment in the capital Kinshasa and was now preparing a cargo plane to bring additional supplies from a depot in Kenya.
The European Centre for Disease Prevention and Control said on Monday it was deploying an expert to its African counterpart’s headquarters in Ethiopia to support operational planning, and the U.S. CDC said it planned to send more people to its offices in the DRC and Uganda.
On Monday, the U.S. embassy in Uganda said it had temporarily paused all visa services in Uganda in light of the Ebola virus outbreak in the East African nation, effectively restricting travel. And a Reuters witness said Congolese people trying to cross into Rwanda from Bukavu were stopped by authorities at the border.
PREVIOUS OUTBREAK RESPONSE WAS COMPLICATED BY INSECURITY
The current outbreak is caused by the Bundibugyo virus, which unlike the more common Zaire strain of Ebola, has no approved virus-specific therapeutics, or vaccine.
An outbreak of the Zaire strain from 2018-2020 in North Kivu and Ituri provinces was the second deadliest on record, killing nearly 2,300 people. The response to that outbreak was complicated by widespread armed violence in eastern Congo that continues today.
Jean Pierre Badombo, the former mayor of Mongbwalu, a mining town in Ituri at the epicentre of the outbreak, said people started falling ill in April after a large open-casket funeral procession arrived from Bunia.
“After that, we experienced a cascade of deaths,” he said.
The WHO has said it was informed of an unknown illness with high mortality in Mongbwalu on May 5, including four health workers who had died within four days, and dispatched a rapid response team.
Several subsequent missteps, including an initial failure by personnel in Bunia to escalate samples for further testing after they came back negative for the Zaire strain, meant the virus was not detected until May 14, Congolese health officials told Reuters. An outbreak was declared the next day.
Lievin Bangali, IRC’s senior health coordinator in DRC, said declining funding from international donors had also weakened disease detection.
“When surveillance networks break down, dangerous diseases like Ebola are able to spread further and faster before communities and health workers can respond,” he said.
UGANDA POSTPONES MARTYR’S DAY HOLIDAY
Congo has experienced 17 outbreaks of Ebola since the virus was first identified in the country in 1976. The disease spreads through direct contact with the bodily fluids of infected persons or contaminated materials.
According to WHO, the average fatality rate from Ebola is around 50%, varying from 25% to 90% in past outbreaks.
Uganda on Sunday postponed next month’s celebrations of Martyrs’ Day, a national holiday that typically attracts thousands of pilgrims from eastern DRC, because of the outbreak.
Kithula Haggai Sunday, a doctor at Uganda’s health ministry, told an online briefing that several people from western Uganda who had recently gone to a burial in eastern Congo and then returned home were under observation, with some who developed symptoms taken to the city of Fort Portal.
Additional reporting by Jennifer Rigby in London; Additional reporting and writing by Aaron Ross; Editing by Sharon Singleton
The Bermuda Equal Justice Initiative and Trevo Academy have announced a new sponsorship programme that will provide two fully funded summer football scholarships for Bermudian boys and girls aged 8 to 13.
The scholarships, valued at a combined $1,400, will cover participation costs for Trevo Academy’s summer football programme, which runs in four cohorts from June through August and focuses on skill development, discipline, teamwork, confidence, and character building.
The initiative aims to support young Bermudians facing financial barriers while helping develop the island’s next generation of football talent.
Eron Hill, Founder and Executive Director of the Bermuda Equal Justice Initiative, said the partnership reflects the organisation’s commitment to expanding access and opportunity for young people.
“Too often, talented young people miss out on opportunities simply because of financial circumstances,” Mr. Hill said. “We wanted to partner with Trevo Academy to help ensure that two young Bermudians who are passionate about football have the chance to participate and develop their skills.”
Remy Coddington, one of Trevo Academy’s founders, said the academy hopes to encourage young athletes both on and off the field.
Applications opened today and close on May 29, with successful applicants expected to be selected by June 5.
Applicants are required to submit a two-to-three-minute video explaining their story, football inspiration, role model, and why they should be selected. Video applications should be emailed to trevoacademy@gmail.com.
David Burt has praised the dedication of public officer Christopher Williamson after he was named the April recipient of the Public Service Excellence Award.
Mr. Williamson, the Sites Management Officer at Marsh Folly, was recognised for creating an interactive field trip experience for Primary 6 students from Somerset Primary School and for supporting the Department of Parks ahead of the busy Good Friday holiday period during staffing shortages.
According to Government, Mr. Williamson received multiple nominations highlighting both his educational outreach efforts and his operational support in helping maintain public spaces and coordinate additional staffing resources.
Premier Burt said Mr. Williamson demonstrated the “highest standards of public service” through his willingness to support both the community and fellow public officers where needed.
Jache Adams said the recognition highlighted how public officers can use their expertise to benefit the wider community, while Head of the Public Service Cherie Whitter described his work as a strong example of teamwork, reliability and effective service delivery.
The Public Service Excellence Award recognises individuals or teams who demonstrate exceptional service and achievement within the Public Service over a 60-day period.
The proposed framework is the final stage of policy development under Bermuda’s National Space Strategy
The Ministry of Home Affairs has announced today that it has opened a public consultation on a consolidated framework for the licensing of Earth Stations in Bermuda.
It is a decisive step in strengthening Bermuda’s position in the global space and satellite economy.
The proposed framework is the final stage of policy development under Bermuda’s National Space Strategy. It was developed in consultation with the Regulatory Authority and sits within Bermuda’s existing legal and regulatory regime.
The framework sets a proportionate, internationally aligned approach to satellite communications infrastructure, including gateway stations, teleports, and user terminals. It pairs that approach with strong oversight, disciplined spectrum use, and clear cybersecurity obligations.
The Hon. Alexa Lightbourne, JP, MP, Minister of Home Affairs, said, “This moment speaks to where we are and where Bermuda is going. We are building on regulatory strength and credibility while taking deliberate steps into a growing global industry. Our responsibility is to ensure Bermuda remains a trusted jurisdiction. One that enables innovation, attracts investment, and creates meaningful opportunities for our people.”
The proposed model includes a two-tier licensing structure, distinguishing between blanket authorisations for standardised user terminals and individual licences for more complex infrastructure such as teleports and tracking facilities. It also sets out clear requirements for spectrum licensing, equipment standards, cybersecurity, and compliance with Bermuda’s data protection framework.
The framework positions Bermuda to support the next generation of satellite infrastructure and services without compromising on oversight. It is part of the Ministry’s broader work to diversify the economy, attract responsible investment, and open pathways for skills development in technical and emerging fields.
Stakeholders, operators, and members of the public are invited to review the consultation and submit feedback at forum.gov.bm. Consultation closes June 19, 2026.
Submissions will inform the finalisation of the National Earth Stations Licensing Framework. A summary of responses will be published after the consultation closes.
The Ministry of Public Works and Environment is advising that due to the Bermuda Day holiday on Friday, 22 May 2026, household waste that would normally be collected on that day will instead becollected on Saturday, 23 May.
Recycling collection occurs every other week and will not be impacted by the holiday, with the next household recycling collection occurring on 28 May in the west and on the 29th in the east.
The Tynes Bay Public Drop-Off will remain open on 22 May from 9 a.m. until noon. It will accept all household waste, small metal waste, wooden items, TAG recyclables, waste paint, pesticides, used motor oil, fluorescent tubes, CFLs, and household and vehicle batteries.
Officers from the Bermuda Police Service have cordoned off a partial area of Palmetto Road where the collision occurred late this morning
A rider was rushed to hospital late this morning after being involved in a collision with a PTB bus along Palmetto Road in Devonshire.
It is unclear what injuries the rider sustained however, police said their condition is listed as ‘serious’. The scene was occupied by emergency responders including the Bermuda Fire and Rescue Service.
A BPS spokesperson said, “Details surrounding the circumstances of the collision are unclear at this time. However, the male motorcyclist was transported to King Edward VII Memorial Hospital with what appear to be serious injuries.
“The male bus driver was not reported to be injured.”
Officers have diverted traffic away from the area setting up detours at the Barker’s Hill round-about and onto Parson’s Lane.
Motorists are being asked to avoid the ares while the BPS examine the scene.
Anyone who may have witnessed the collision is asked to contact police by calling 211 at the earliest opportunity.
Port Royal Primary students were sent home on Monday morning after teachers apparently did not show up
Port Royal Primary School students were sent home today, as teachers failed to show up for class.
A parent informed Bermuda Broadcasting that, as they turned up to drop off their child, they were told that the teachers have not come in today.
The parent said that it wasn’t a staff member that informed them of the situation.
Bermuda Broadcasting reached out to both the Ministry of Education and to the Bermuda Union of Teachers for more information on the matter.
A Ministry Spokesperson responded, “the Ministry of Education has closed Port Royal Primary School today due to insufficient staff. Parents have been notified, and students were dismissed for the day. The Department will provide updates to parents and key stakeholders as they become available.”
Port Royal Primary has been at the centre of a row over alleged ministerial overreach.
At an an inter-school track meet in April, the Port Royal P.E. teacher had apparently prohibited a student from participating for disciplinary reasons.
The Royal Gazette reported that the student’s mother reached out to Education Minister Crystal Caesar. A meeting between education officials and teacher reportedly led to teachers warning that the event would be shut down if the student took part.
The P.E. teacher was subsequently put on administrative leave.
The Bermuda Union of Teachers suggested that due process had been undermined, and stated, “when school-level discipline is overturned from above… we are not just ‘softening’ the system – we are quietly ensuring that the antisocial behavior and societal ills… will continue to manifest well into the next generation.”
The union spokesperson added that, under the Education Act and Code of Conduct, school discipline is the responsibility of the principal, and that suspensions are issued by school leadership, can be extended by the Commissioner of Education, and may ultimately be appealed to the Minister, “in that order”.
The PTA Executive at Port Royal also unanimously believe the P.E. teacher should be reinstated.
Last week, Government reiterated its position, rejecting the notion that Education Minister Caesar acted improperly or outside of her authority.
A statement added that the Minister has responsibility to ensure the system is operating fairly and in the best interest of students, in line with the Education Act.
Minister Caesar stated, “when concerns are brought forward, the Minister has a duty to seek information, review what took place, and ensure that decisions were handled fairly and appropriately. That is not interference. That is part of the Minister’s job.
“No Minister can ignore concerns involving the well-being or treatment of a child and pretend it is someone else’s responsibility.”
The text, known as an encyclical, is also likely to decry the wars roiling the world
Pope Leo XIV arrives for the weekly general audience in St. Peter’s Square at the Vatican, May 6, 2026. REUTERS/Yara Nardi
International News via Reuters:
Pope Leo will release his first in-depth document, expected to address the rise of artificial intelligence and challenges to workers’ rights, on May 25, the Vatican announced on Monday.
The text, known as an encyclical, is also likely to decry the wars roiling the world. It will be titled “Magnifica Humanitas” (Magnificent Humanity) and was formally signed by the pope on Friday ahead of publication, a statement said.
Leo, the first U.S. pope, will take part in a Vatican presentation of the text on the day of its publication, in an unusual move for a Catholic pontiff.
Reporting by Joshua McElwee, editing by Gavin Jones
It had been carrying around 150 passengers and crew from 23 countries when a cluster of severe respiratory illnesses was first reported to the World Health Organization on May 2
A patrol vessel sails near the cruise ship MV Hondius, which was affected by a hantavirus outbreak, as it arrives for disinfection at the Port of Rotterdam, Netherlands, May 18, 2026. REUTERS/Yves Herman
International News via Reuters:
A luxury polar explorer at the centre of an outbreak of hantavirus docked at the Dutch port of Rotterdam on Monday, where authorities were quarantining the last 27 people to disembark and planned to cremate a German who died.
The Dutch-flagged MV Hondius cruise was to be disinfected.
It had been carrying around 150 passengers and crew from 23 countries when a cluster of severe respiratory illnesses was first reported to the World Health Organization on May 2.
Three people have died. The bodies of a Dutch couple have been repatriated, while a German victim was to be cremated in the Netherlands with her ashes then sent home.
Including the three deaths, there have been eight confirmed and two probable cases on board, according to WHO.
Hantavirus is primarily spread by rodents but can be transmitted between people in rare cases and after prolonged, close contact. Incubation can last about six weeks.
There is no specific treatment for infection.
The WHO insists the wider threat to public health remains low and there is no comparison with the COVID epidemic.
“There is no risk for Rotterdam and no risk in that sense,” said Tjalling Leenstra, head of the Dutch coordination centre for communicable disease control at the National Institute for Public Health and the Environment (RIVM).
All those exposed are under monitoring and quarantine, he added.
The vessel, operated by Oceanwide Expeditions, had been stranded off Cape Verde, its intended final destination, earlier this month after authorities barred remaining passengers from going ashore.
The WHO and EU asked Spain to manage the evacuation at the Canary Islands, after which the ship departed for Rotterdam with a skeleton crew of 25 people and two additional medical staff.
Two Dutch crew members were going home for quarantine, with other mainly Filipino staff to quarantine in mobile home units in the Rotterdam area, said Yvonne van Duijnhoven, director of the GGD Rotterdam-Rijnmond municipal health service.
Cleaning of the vessel by a specialized company could take up to a week, RIVM said.
“They wear protective clothing and clean all surfaces in the ship, including the ventilation systems, and each room is assessed individually,” said RIVM spokesperson Coen Berends, noting that cabins of people who tested positive would be considered high-risk areas.
The outbreak involves the so-called Andes virus, a strain which has circulated in Argentina and Chile for decades.
Other crew, passengers and people in contact with them have also been quarantined in several other countries.
Reporting by Charlotte Van Campenhout and Bart Meijer in Rotterdam; Writing by Michele Kambas; Editing by Andrew Cawthorne
The failures show a limit to the political power of the MAHA coalition groups that had set out this year to pass laws against mandatory vaccinations in at least 10 states
International News via Reuters:
Dozens of state anti-vaccine bills backed by “Make America Healthy Again” supporters have failed after public health groups won over Republican state lawmakers, marking a series of defeats for the backers of Health Secretary Robert F. Kennedy Jr.
The failures show a limit to the political power of the MAHA coalition groups that had set out this year to pass laws against mandatory vaccinations in at least 10 states, hoping to capitalize on a rise in anti-vaccine sentiment and their role in helping elect President Donald Trump.
Pro-vaccine groups and medical associations including American Families for Vaccines, the American Academy of Pediatrics and others lobbied in statehouses against bills seeking to end policies like school vaccine mandates, according to Reuters interviews with seven organizations.
Vaccine advocates used polling data and personal appeals to convince lawmakers in Republican-controlled states such as West Virginia, Louisiana and Florida that their constituents support vaccination and that the MAHA-backed bills posed a threat to public health.
“Even though this is an increasingly partisan space, Republicans across the board are not anti-vaccine and there are lawmakers that really just want sensible, transparent vaccine policy,” said Dr. Erin Abramsohn, executive director of the Infectious Disease Prevention Network, which fought anti-vaccine bills in 10 states this year.
A February Reuters/Ipsos poll found that a bipartisan majority of Americans support school vaccination requirements and think vaccines are safe for children.
Kennedy, a long-time anti-vaccine activist, has used his post to advance several actions against mandatory inoculations including removing some shots from the childhood immunization schedule.
The childhood vaccine schedule changes were put on hold as part of a lawsuit addressing the overhaul of vaccine policies under Kennedy, who has a history of making claims about vaccines contrary to scientific evidence.
The White House has directed Kennedy not to take further steps against vaccines ahead of the November midterm elections, when Republicans will defend a slim majority in Congress.
A Department of Health and Human Services official said the agency does not comment on legislation.
ANTI-VACCINE BILLS ON THE RISE
While anti-vaccine bills have been proposed before, more emerged this year due to the coordinated efforts of MAHA groups, the groups told Reuters.
“In the past where you might have seen a couple of bills, now there’s hundreds of anti-vaccine bills in the state legislatures,” said Lecia Imbery, government affairs director of Vaccinate Your Family. VYF names some vaccine makers as donors in its annual report, including Pfizer and Moderna.
Those states include Idaho, which saw six bills introduced; West Virginia, which saw nine; Tennessee, which saw eight; and South Dakota, which saw five – none of which passed, said Abramsohn.
Idaho last year passed a first-in-the-nation ban on vaccine mandates, but failed to advance further anti-vaccine legislation this session. Florida, too, discussed doing away with vaccine mandates but did not pass bills to do so during its legislative session.
To convince Republican lawmakers to oppose the bills, the pro-vaccine groups pointed to polling that showed constituents value vaccine mandates as a public health tool and said the elected officials could face political consequences if they supported anti-vaccine legislation.
“There’s a lot of people running for office, so this could potentially hurt them… in future elections if they were to vote against public health,” said Elizabeth Faber, director of programs at the Iowa Public Health Association.
Iowa public lobbying records give a snapshot of the advocacy push. Faber said advocates there were monitoring 18 anti-vaccine bills, one of which would have removed vaccine requirements for primary and secondary school students.
Nearly three dozen organizations lobbied against the bill, including the Iowa Nurses Association, Iowa Academy of Family Physicians, and the Iowa Association of School Boards, the records show. Just two groups, Iowans for Freedom and Inspired Life, lobbied for the bill. The records did not show how much money was spent on the lobbying effort.
BILLS ‘NOT GOING AWAY’
Both public health and anti-vaccine advocates say they expect to see more debate over vaccine policy in statehouses.
Leah Wilson, founder of Stand for Health Freedom, which promoted what it calls “medical freedom” legislation such as anti-vaccine mandate bills in a dozen states this year, said she is encouraged by the momentum those bills have seen, including hearings in five states.
“It’s definitely an issue that’s rising,” Wilson said. “It’s quite encouraging to see the civic engagement that we’re seeing right now.”
In Iowa, more legislators have joined caucuses to pursue anti-vaccine legislation, signaling more bills will be introduced down the road, said Iowa’s Faber.
“We definitely know that this is not going away,” she said.
Reporting by Leah Douglas in Washington; Editing by Caroline Humer and Bill Berkrot
A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, while Saudi Arabia reported intercepting three drones, as U.S. President Donald Trump warned that Iran must act “fast” to reach a deal
A man walks in front of an electronic screen displaying Japan’s Nikkei stock prices quotation board inside a conference hall in Tokyo, Japan, April 27, 2026. REUTERS/Issei Kato
International News via Reuters:
Global share markets slipped on Monday as fresh drone attacks in the Gulf shoved oil prices and bond yields higher, stoking inflation worries in a week when the tech bull run will be tested by earnings from Nvidia.
A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, while Saudi Arabia reported intercepting three drones, as U.S. President Donald Trump warned that Iran must act “fast” to reach a deal.
Meanwhile, the vital Strait of Hormuz remains closed to all but a trickle of shipping as Tehran tries to formalise its control of the waterway that during normal times carries 20% of the world’s oil and gas trade.
“Right now, markets are panicking as they are pricing the possibility that the Strait of Hormuz remains closed,” said George Lagarias, chief economist at Forvis Mazars.
Brent was trading up 1% at about $110.50 a barrel, while U.S. crude climbed 1.2% to $106.72 a barrel. Crucially, futures for September climbed above $100 and December hit a contract high as markets braced for protracted shortages. [O/R]
G7 finance ministers are scheduled to gather in Paris on Monday to discuss the Strait of Hormuz and critical raw material supplies, though geopolitical differences threaten to test the group’s cohesion.
Global bond markets were hit again on Monday by concerns that energy costs would stay high and thus continue to drive inflation.
Yields on U.S. 10-year notes hit a 15-month top of 4.631%, having surged 23 basis points last week. Yields on 30-year bonds reached 5.159% after jumping 18 basis points last week.
Japan’s 10-year yield hit a peak not seen since 1996 as the government proposed to issue fresh debt to fund a planned extra budget to cushion the economic blow from the Iran war. Germany’s 10-year bond yield rose to a level not seen in 15 years.
“As long as this is not a credit event, and we have no evidence to call this a credit event, then beyond the normal volatility seen for a market at all-time highs, I would be surprised if it causes a big rout in equities as well,” Forvis Mazars’ Lagarias said.
“It can be an excuse for some investors to take some money off the table, but I’d be surprised if we saw a proper correction on the back of this bond volatility.”
STOCKS SKID
European stocks fell 0.5%, with major markets in Frankfurt, Paris and London flat to down 1.1%.
Overnight, Japan’s Nikkei eased 1%, having fallen 2% last week from record highs. South Korean stocks rose 0.3%, as Samsung Electronics gained almost 4% after a court issued a partial injunction against a union strike.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.7%. Chinese blue chips lost 0.6%, as economic data disappointed. China’s April retail sales edged up 0.2% when analysts had looked for growth of 2.0%, while industrial output rose a sluggish 4.1%.
S&P 500 futures fell 0.4% and Nasdaq futures lost 0.2%.
AI, RETAIL EARNINGS TO TEST THE BULL RUN
Rising yields push up borrowing costs and mean a higher discount for future company earnings, challenging stock valuations.
The AI trade will be tested by earnings from Nvidia that are due on Wednesday, with expectations sky-high for the world’s most valuable company.
Nvidia shares are up 36% since a March low, while the Philadelphia SE semiconductor index has surged more than 60%, amid voracious demand for chips as tech companies spend massively to build AI-related infrastructure.
Also due this week are results from a host of retailers led by Walmart, which will provide an insight into how consumers are faring with high energy prices.
In forex markets, risk aversion has tended to benefit the greenback as the world’s most liquid currency. The U.S. is also a net energy exporter, giving it a relative advantage over Europe and much of Asia.
The euro was little changed at $1.1630 after losing 1.4% last week. The pound was steady at $1.3353, having dived 2.3% last week as political instability in Britain added to already intense pressure on the gilt market.
The dollar held firm against the yen at 158.91, with only the threat of Japanese intervention preventing another speculative assault on the 160.00 chart barrier.
In commodity markets, gold was near flat at $4,544 an ounce, having drawn little support so far as a safe haven or as a hedge against inflation risks. [GOL/]
Reporting by Samuel Indyk and Wayne Cole; Editing by Gus Trompiz and Sonali Desai
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
