Friday, October 23, 2026
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Boy hits 70km/h on e-bike

Statement from Superintendent Arthur Glasford

The Bermuda Police Service (BPS) is urging parents and guardians to be aware of the serious risks associated with young people using e-bikes on Bermuda’s roads.

During road policing enforcement on Friday, 21st August 2026, officers stopped a 14-year-old boy riding an e-bike at 70 km/h, twice Bermuda’s maximum general speed limit of 35 km/h. He is expected to appear before the courts in due course.

This is extremely concerning. Travelling at that speed on a public road places the young rider and other road users at significant risk of serious injury or death.

The BPS reminds the public that bicycles and e-bikes being used on public roads are subject to Bermuda’s traffic laws. Parents and guardians are strongly encouraged to know the capabilities of e-bikes being used by their children and ensure they are being operated legally and responsibly.

The incident was detected during road policing activity which resulted in 85 moving violation tickets and seven arrests, including 17 speeding offences, 20 seat belt offences and two arrests on suspicion of driving whilst impaired.

The BPS will continue its road policing efforts and urges all road users, regardless of the type of vehicle they operate, to obey the law, slow down and make responsible choices.

Students complete research internships at BIOS

ASU BIOS is proud to celebrate 50 years of the Bermuda Program, marking the milestone with a cohort of 10 Bermudian interns. Since its founding in 1976, the Bermuda Program has provided more than 320 Bermudian students aged 18 and older with hands-on experience in oceanographic and atmospheric research.

Through fully funded summer internships, participants work alongside leading scientists and mentors across ASU BIOS research programs, contributing to active research while gaining practical technical skills and professional experience. The program offers students a unique opportunity to explore career pathways in science, technology, and environmental stewardship while developing the confidence to become future leaders in their fields.

This year, students engaged in a diverse range of research initiatives including marine fungi investigations, underwater video and technology design, sediment trapping, microplastics detection, coral ecology studies, and hurricane development analysis. Together, these projects reflect the range of research underway at ASU BIOS and the program’s ongoing commitment to developing the next generation of Bermuda’s scientific leaders and changemakers.

Meet the 2026 Bermuda Program cohort below:

Gray Swan (20)

  • Third-time Bermuda Program intern, Marine Science Internship (2024), Incoming NSF
    REU Student (2026)
  • School: Year 3, Mechanical Engineering, University of Kentucky (USA)
  • Mentor: Tim Noyes, PhD
  • Project: Adaptive Marine Monitoring Technologies: eDNA Sampling and Baited Remote Underwater Video System [BRUVS] Video Analysis
  • “For those applying, don’t be scared of what you don’t know, because you’ll learn it along the way. Join because of the lab experience and all of the people you’ll meet,” said Gray.

Charlotte Slayton (21)

  • First-time Bermuda Program intern
  • School: Year 4, Wildlife Biology and Conservation, University of Guelph (Canada)
  • Mentor: Hossein Masigol, PhD
  • Project: Fungi in the Sea-Air Interface
  • “This experience has taught me that I enjoy the process of scientific research just as much as I enjoy learning more about one specific species or group of animals. I am now more confident that I want to apply for a master’s program to continue researching ecology,” said Charlotte.

Noah Astwood (19)

  • Second-time Bermuda Program intern
  • School: Incoming Student, Biology, Sussex County Community College (USA)
  • Mentor: Rachel Parsons, MSc, and Dani Cox, PhD
  • Project: Sargassum Microbiome Removal Methods
  • “It has changed the way I think about science and my future in the field. I now understand that working in the sciences is not always going to be a smooth endeavor and there will be research mishaps that I will have to push through and maintain my composure, a skill I will have to keep up and strengthen over time,” said Noah.

Guyen Bean (19)

  • First-time Bermuda Program intern, Innovations for the Environment student (2024)
  • School: Year 2, Theology minor in Chemistry, Andrews University in Michigan (USA)
  • Mentor: Hossein Masigol, PhD
  • Project: Fungi in the Sea-Air Interface
  • “Because of this opportunity, I am now able to understand what other scientists in this field are actually saying. I am able to communicate with them on a level where I can know the basics and that they can teach me so that I can move on to the next level,” said Guyen.

Maya Kennedy (21)

  • Second-time Bermuda Program intern
  • School: Year 4, Environmental Science, University of Guelph (Canada)
  • Mentor: Tarik Smith (KoomConsulting)
  • Project: First Flush Project 2026
  • Maya said, “I have been able to strengthen my presentation and report writing skill and develop skills in data analysis.”

Zahari Burgess (19)

  • Second-time Bermuda Program intern, Innovations for the Environment student (2024)
  • School: Year 2, Nuclear Engineering, Ontario Tech University (Canada)
  • Mentor: Tim Noyes, PhD
  • Project: Reproducing a low-cost release system
  • “It has been very inspiring [to work alongside ASU BIOS researchers] as you get a window into the research world,” said Zahari.

Laura Frith (18)

  • First-time Bermuda Program intern
  • School: Year 2, Marine Biology, Swansea University (UK)
  • Mentor: Jessica Godfrey, MSc
  • Project: Different methods for monitoring marine fungi
  • “I did not know I could get that happy before now about fungi,” said Laura.

Shavon Nisbett (21)

  • Fifth-time Bermuda Program intern
  • School: Year 3, Marine Biology, Nova Southeastern University (USA)
  • Mentor: Rod Johnson, PhD and Rachel Parsons, MSc
  • Project: Microplastic Distribution in the North Atlantic Gyre
  • “I would recommend the Bermuda Program to anyone interested in marine and environmental science. This is a good opportunity to get hands-on experience and work with professional researchers to conduct real-life research and create projects that can really gain a better understanding of what is going on in our oceans and environment,” said Shavon.

Sanjay Fox-Romaine (19)

  • First-time Bermuda Program intern
  • School: Year 2, Science, Bermuda College
  • Mentor: Mark Guishard, PhD
  • Project: Climate Controls on Major Hurricane Impacts Affecting Bermuda
  • “This internship has reminded me that science can be both challenging and exciting. While research often requires patience and persistence, the process of discovering new insights and answering meaningful questions has reinforced my passion for meteorology and my desire to pursue a career in the field,” said Sanjay.

De’Asia Symonds (22)

  • First-time Bermuda Program intern
  • School: Year 2, Science, Bermuda College
  • Mentor: Yvonne Sawall, PhD
  • Project: Responses of the brain coral Diploria labyrinthiformis to heat stress and artificial upwelling using traditional tissue biomarkers as heat stress indicators
  • “This experience has allowed me to prepare myself for possible career opportunities in the future that correspond with marine life and…build meaningful friendships and relationships with professionals in my field of work that will allow me to advance my career,” said De’Asia.

As the 2026 cohort prepares to begin university studies or continue their academic journeys, they leave the ASU BIOS campus with new skills, professional networks and first-hand experience contributing to scientific discovery.

Through their work addressing some of today’s most pressing ocean and climate challenges, these 10 interns have contributed to efforts with both local and global relevance. They join a growing network of more than 320 Bermuda Program alumni whose careers continue to shape research, education, conservation and environmental stewardship in Bermuda and beyond.

Learn more about the ASU BIOS Bermuda Program at https://bios.asu.edu/education/bermudaprogram

UK retail sales weaken in August, CBI says

The CBI’s headline sales volume balance — based on retailers’ assessment of sales volumes compared with a year earlier — fell to a two-month low -48 in August from -26 in July

International News via Reuters:

British retail sales weakened in August after their strongest performance in six months in July, although stores expect a recovery in September, a monthly survey from the Confederation of British Industry showed on Wednesday.

The CBI’s headline sales volume balance — based on retailers’ assessment of sales volumes compared with a year earlier — fell to a two-month low -48 in August from -26 in July.

“Retail firms grew more downbeat in August as they grappled with sharply falling sales volumes. These weak trading conditions, which were echoed across the broader distribution sector, continued to weigh on retailers’ investment and hiring plans,” CBI Lead Economist Martin Sartorius said.

• Sales expectations for September point to a pickup to -22, the strongest expectations since March

• Sales for the time of year in August fell to a two-month low of -26 from -18 in July

• The CBI’s quarterly business situation balance fell to -29 in August from -15 in May

• Investment intentions rose to -16 in August from -52 in May, their strongest since February 2024

• Retailers shed jobs at the slowest pace since November 2025

• The survey was based on responses from 58 retail chains between July 27 and August 13

Reporting by David Milliken, Esditing by Paul Sandle

Gulf ship traffic via Strait of Hormuz hovers below 10-day average, data shows

The figures could change as some ships typically switch off their location transponders during the voyage

International News via Reuters:

Five commodity vessels transited the Strait of Hormuz on Tuesday, little changed from a day earlier but well below the 10-day average of 15, preliminary shipping data showed on Wednesday.

Two tankers carrying liquefied petroleum gas and one tanker carrying bitumen exited the Gulf via the strait, while two empty product tankers entered the waterway from the Gulf of Oman, initial data from shiptracker Kpler showed at 0408 GMT. On Monday, four commodity vessels transited the waterway, the data showed.

The figures could change as some ships typically switch off their location transponders during the voyage.

Transits through the Bab el-Mandeb, another major maritime chokepoint in the Middle East, were also roughly little changed at 31 commodity vessels versus 29 the day before, Kpler data showed, but in line with the 10-day average.

Iran said it had resumed discussions with Oman on managing the Strait of Hormuz amid increased economic pressure from U.S. President Donald Trump.

The two sides said on Tuesday they had explored creating a temporary joint shipping corridor and agreed to remove mines from the waterway.

“Any agreement between these two parties does not mean we will see normalisation in oil flows through the key chokepoint,” ING Economics said in a note.

“We would likely need to see the U.S. lift its blockade on Iranian ports and ease sanctions on Iran before we see any move towards normalisation.”

Reporting by Mohi Narayan; Editing by Jacqueline Wong and Christian Schmollinger

Trump administration issues pause on immigrant visa appointments for applicants worldwide

A U.S. State Department spokesperson said on Tuesday that it launched a global training initiative at all U.S. embassies and consulates worldwide and that appointments for visa services will be adjusted to accommodate the training

International News via Reuters:

President Donald Trump’s administration has issued a pause on immigrant visa appointments for applicants around the world during an ongoing immigration crackdown by the U.S. government in the Republican leader’s second term in the White House.

A U.S. State Department spokesperson said on Tuesday that it launched a global training initiative at all U.S. embassies and consulates worldwide and that appointments for visa services will be adjusted to accommodate the training.

Trump has pursued an aggressive deportation drive and immigration crackdown that includes revocations of visas and green cards and rejection of applications over a range of reasons like political opinions and pro-Palestinian protests against U.S. ally Israel’s assault on Gaza.

He says the crackdown aims to improve domestic security.

The crackdown has faced some legal setbacks. A U.S. judge on Friday struck down a Trump administration policy suspending the issuance of immigrant visas to ​applicants from 75 countries, saying that the policy exceeded Secretary of ‌State Marco Rubio’s statutory authority.

The State Department did not specify details on the training and its timeline, beyond saying the training aimed to help consular officers screen out applicants deemed likely to become dependent on U.S. public benefits and to ensure evaluation of visa applicants “comprehensively and consistently.”

The pause on visa appointments was reported earlier by the Financial Times, which said immigrant visa applicants with scheduled interviews at U.S. embassies and consulates have received emails that their appointments were being rescheduled and that they would receive future notice of a new date.

Trump’s immigration crackdown has been widely condemned by human rights groups as being discriminatory and in violation of free speech and due process rights. Rights groups also say the crackdown has created an unsafe environment in the U.S., especially for ethnic minorities who have raised concerns about racial profiling. 

While Trump campaigned in 2024 on a ​platform of stopping illegal immigration, his administration has also made legal immigration more difficult – for example, by imposing new and expensive ​fees for applicants of certain work visas.

Reporting by Kanishka Singh in Washington; Editing by Stephen Coates

British energy price cap to rise 4% as Iran war pushes up costs

The rise will be a blow to the new Prime Minister Andy Burnham, who has pledged to ease cost-of-living pressures, and more than wipes out measures he announced last month to cut tax on electricity bills

International News via Reuters:

Most British households will see their energy bills rise from October after energy regulator Ofgem announced a 4% hike in its domestic price cap as the war in Iran pushes up wholesale costs.

The rise will be a blow to the new Prime Minister Andy Burnham, who has pledged to ease cost-of-living pressures, and more than wipes out measures he announced last month to cut tax on electricity bills.

“High international gas prices are continuing to drive energy costs in the UK. We welcome the government’s intervention to remove VAT from electricity bills, without which customers would have faced even higher costs this winter,” said Neil Kenward, Ofgem’s director general for markets.

The increase, a £60 rise to £1,723 ($2,348) from the previous cap for July to September, will hit around 22 million households on variable tariffs, with the price cap covering around 65% of customers.

WHOLESALE ENERGY PRICES HAVE SOARED

Benchmark wholesale British gas prices have more than doubled since the U.S. began military action against Iran on February 28, severely curbing shipping through the Strait of Hormuz, the transit route for a fifth of the world’s liquefied natural gas.

Wholesale costs are the biggest single driver of Ofgem’s quarterly price cap, which limits what suppliers can charge households and also reflects network and policy costs.

Britain’s energy minister said consumers will be concerned about the costs of bills this winter.

“We will keep looking at what more we can do to protect families from unaffordable bills,” Miatta Fahnbulleh said in a statement.

The removal of the VAT on electricity prevented the cap from rising by an additional £45. In April the government also shifted some levies to cut around £150 from an average bill.

WORSE TO COME

With little sign of an end to the conflict between the U.S. and Iran, analysts forecast wholesale energy costs are likely to remain elevated and the price cap could continue to rise.

Analysts at Cornwall Insight forecasts that at current wholesale prices, the cap could rise a further 9% in January to £1,872.

“Even if we saw an end to the conflict, lower stocks going into winter as demand increases mean falling bills in January (are) unlikely,” said Craig Lowrey, principal consultant at Cornwall Insight.

($1 = 0.7337 pounds)

Reporting by Susanna Twidale in London, Ankita Bora and Yamini Kalia in Bengaluru; Editing by Janane Venkatraman and Jan Harvey

Dolly Parton, queen of country music, dies at 80

No cause of death was disclosed, but Parton’s publicist said she died peacefully in Nashville

International News via Reuters:

Dolly Parton was around six when she wrote her first song: “Little Tiny Tasseltop,” an ode to her corncob doll with corn-silk hair. Her mother stored it preciously in a shoebox.

“I loved that little doll,” Parton wrote decades later. “I expressed myself and my feelings through writing — I’m sure what I was thinking was, ‘Well, Tasseltop has to have a song about her.'”

Parton never stopped making music after that. The irrepressible country music singer, songwriter and actress whose charisma, heartfelt lyrics and business acumen captured the public’s imagination for nearly six decades, died on Tuesday aged 80, her family said in a statement. 

No cause of death was disclosed, but Parton’s publicist said she died peacefully in Nashville. People magazine reported the star fought a “brief battle with cancer,” citing her representatives. Days earlier, Parton told the magazine she was dealing with unspecified health issues but planned to keep working. 

“By her example, we believed anything was possible,” her nephew, Bryan Seaver, said in a video message. “She never saw a door she couldn’t open, and the doors she opened made and changed history.” 

With classic songs including “Coat of Many Colors,” “Jolene” and “I Will Always Love You,” Parton became one of the best-selling female artists of all time, with over 100 million records sold. She won 11 Grammy awards, including a Lifetime Achievement Award. 

Parton’s wholesome personality, combined with her towering blond hairdos, flamboyant costumes and giddy delight at holding center stage, endeared her to Americans of all backgrounds and helped introduce country music to international audiences.

Over the years Parton hosted a TV variety show, starred in movies, and even created a theme park, Dollywood, a popular tourist spot in her home state of Tennessee — all in addition to her lauded work as a songwriter.

But the quality that gave her enduring star power was her ability to connect with people. Coming from a self-described “dirt-poor” family, Parton often stood in as a symbol of the working-class American and regularly threw her name and money behind causes she believed in.

In response to the COVID-19 pandemic, Parton donated $1 million to vaccine research at Vanderbilt University in 2020, making her an early sponsor of Moderna’s vaccine development.

She conducted a literacy program for preschool children across the United States, as well as in Canada, the United Kingdom, Australia and Ireland, and provided scholarships to high school students in the Tennessee county where she was born.

The county erected a life-size statue of her in front of the courthouse in thanks, though she declined another proposed statue of her in Nashville in 2021, saying, “Given all that’s going on in the world, I don’t think putting me on a pedestal is appropriate at this time.” 

It was this ability to stay true to her roots, combined with her drive to work hard and her nonpartisanship, that fueled her appeal among conservatives and liberals in a politically polarized America.

‘MAMA HAD THIS HAUNTING VOICE’

Dolly Rebecca Parton was born on January 19, 1946, in Pittman Center, Tennessee, and grew up in a one-room cabin in nearby Locust Ridge. One of 12 children of tobacco farmer Robert Lee Parton, her difficult childhood gave credibility to her often personal songs trilled in a distinctive soprano.

Her mother, Avie Lee, would sing constantly — songs from England, Ireland and Wales that told a story. “Mama had this haunting voice, and Lord you would feel it,” Parton wrote in her 2020 book “Dolly Parton, Songteller” co-authored with Robert K. Oermann.

Parton got her first real guitar when she was eight. Her mother would say, whenever she had guests: “I want you to hear this song this little thing has made up. It’s really good.” Parton loved the attention.

She was singing on a local radio station by age 11, and at age 13 was appearing on the Grand Ole Opry, a weekly country music concert in Nashville, Tennessee.

After graduating from high school, she moved to Nashville to pursue a music career and began a famous partnership with country music singer Porter Wagoner, which would include a years-long stint on his TV show and 14 top-ten duets. She penned her hit song “I Will Always Love You” as a farewell to Wagoner when she decided to pursue a solo career.

On the first day Parton arrived in country music’s capital, she met Carl Dean, an asphalt paver. They would marry two years later, in 1966. Throughout their long marriage, Dean shunned the spotlight and did not tour with her, though he would be a muse for many of her greatest hits, including “Jolene,” which was inspired by a red-haired bank teller’s crush on Dean.

‘THE DOLLY IMAGE’

Her own appearance was the object of intense interest. Initially embarrassed, she eventually found the humor in frequent questions about her extravagant dress sense and generous figure. 

She dismissed rumors that her breasts were insured and laughed off periodic rumors that she was bedridden due to their weight, telling People magazine: “Well, they are heavy, but they haven’t crippled me yet.”

Parton patterned her signature look on a woman she would see walking around her Tennessee hometown in tight skirts and high heels, with red nails, red lipstick and peroxided hair. “I thought she was beautiful. But everybody said, ‘She’s trash!'” Parton wrote in her 2023 book “Behind the Seams: My Life in Rhinestones.” “I laughed and said, ‘Well, if that’s trash, that’s what I want to be when I grow up!'”

But as much as she embraced her signature look, she also viewed it as distinct from herself. “I look one way and am another,” she told Ladies’ Home Journal in 1982. “It makes for a good combination. I always think of ‘her,’ the Dolly image, like a ventriloquist does his dummy. I have fun with it. I think, what will I do with her this year to surprise people? What’ll she wear? What’ll she say?”

She also expressed the wish that her appearance would serve to sell, rather than overshadow, her talent.

‘I WANT TO PAINT A PICTURE’

Her music gained a following not only among the public but also with fellow singers who widely covered her songs – perhaps most famously Whitney Houston’s rendition of “I Will Always Love You.” Some of Parton’s most beloved covers and duets were with her goddaughter, American pop star Miley Cyrus, and Cyrus’ father, country music star Billy Ray Cyrus. 

“Jolene” was covered by artists as varied as Beyoncé and The White Stripes.

While Parton was a force on stage and an accomplished vocalist, what set her apart from her peers was her talent with words. Parton wrote every one of her hit songs. All told, she penned an estimated 3,000 throughout her life, though she recorded only about 450 of them.

“I love to write poetic songs and sing flowery words,” she wrote in “Dolly Parton, Songteller.” “I like to make you see something visually, so I want to paint a picture. And I love to come up with clever lines, not just like a songwriter, but like a poet.”

‘THE SONGS ARE MY LEGACY’

Parton made her movie debut in 1980’s “9 to 5,” starring alongside Jane Fonda and Lily Tomlin, with the title tune earning Parton an Oscar nomination for songwriting. She got another Oscar songwriting nomination in 2006 for “Travelin’ Thru,” written for the film “Transamerica.”

Her other movie acting roles included “The Best Little Whorehouse in Texas,” “Steel Magnolias,” “Rhinestone” and “Straight Talk.”

Twenty-five of her songs reached No. 1 on the Billboard Country charts and she was a member of the Songwriters Hall of Fame, receiving its highest honor, the Johnny Mercer Award, in 2007. She was inducted into the Rock and Roll Hall of Fame in 2022.

Parton received her first Grammy award in 1978 for her song “Here You Come Again.” In 1988, she won the People’s Choice Award for favorite all-around female entertainer.

But despite all her accolades and achievements, Parton found the greatest meaning in her art. 

“I feel like I’m closest to God when I write,” she wrote in “Dolly Parton, Songteller.” “A great line will just come to me, and I’ll go, ‘Hey, thank You, Lord. I know I didn’t think of that.'” 

“At the end of the day, I hope that I will be remembered as a good songwriter. The songs are my legacy.”

For more obituaries, click here.

Reporting by Ryan Patrick Jones, Katharine Jackson, Lisa Richwine and Daniel Trotta; Editing by Daniel Wallis, Olivier Holmey amd Kate Mayberry

Australia transport safety regulator probes two more incidents at Sydney airport

The Australian Transport Safety Bureau (ATSB) classified both events as safety incidents rather than serious incidents, saying there was no immediate risk of collision as flight and ground crews reacted to avoid conflict

International News via Reuters:

Australia’s transport safety regulator on Wednesday opened two investigations into taxiing conflicts at Sydney airport, involving a Virgin and Qantas aircraft on August 16 and a Jetstar and Bombardier aircraft on August 25.

The Australian Transport Safety Bureau (ATSB) classified both events as safety incidents rather than serious incidents, saying there was no immediate risk of collision as flight and ground crews reacted to avoid conflict.

• On August 16, a taxiing Virgin 737 was told by air traffic control to give way to a Qantas 737 vacating the runway. The instruction was not read back correctly and went unnoticed by controllers, the ATSB said in a statement.

• On August 25, incomplete traffic information was passed to a Jetstar A320, creating a conflict with a taxiing Bombardier Dash 8.

• The two investigations are being run separately but with coordinating teams, and could be widened or combined depending on the evidence.

• The ATSB expects to publish preliminary reports on both investigations within six to eight weeks.

• Virgin and Qantas, which also owns Jetstar, said in separate statements they will support the ATSB’s investigations.

• The regulator is already investigating four similar incidents at the airport, including one that injured a member of a plane’s cabin crew.

Reporting by Alasdair Pal in Sydney; Editing by Christian Schmollinger

FTSE 100 flat ahead of US inflation data and Nvidia results

The blue-chip FTSE 100 index was little changed at 10,875.87 points by 1027 GMT, while the midcap FTSE 250 rose 0.3%

International News via Reuters:

London’s FTSE 100 was muted on Wednesday as a slide in oil prices pressured energy stocks and offset broader gains, while investors awaited key U.S. inflation data and Nvidia’s quarterly earnings.

The blue-chip FTSE 100 index was little changed at 10,875.87 points by 1027 GMT, while the midcap FTSE 250 rose 0.3%.

• Oil prices fell more than $2 a barrel after Iran said it had restarted talks with neighbouring Oman on managing the Strait of Hormuz. [O/R]

• Tehran said the discussions covered a “joint temporary navigational corridor” through the waterway and an agreement to clear mines, raising hopes that shipping constraints in the key Middle East route could ease.

• The decline in crude prices sent the energy sector down 1.8%, with oil majors BP and Shell falling 1.4% and 2.4%, respectively.

• Luxury retailers gained 1%, housebuilders rose 2%, and the travel and leisure sector advanced 1%.

• The precious metals and industrial mining sectors also rose 1.8% and 1%, respectively, even as metals retreated from recent highs ahead of crucial U.S. inflation data that could offer fresh clues on the Federal Reserve’s interest-rate outlook.

• Software stocks declined, led by a 3.5% fall in Sage Group. Relx and Experian were down between 1% and 1.4%.

• Investors were also keeping an eye on Nvidia’s second-quarter earnings later in the day to gauge whether the AI-driven spending boom can continue supporting lofty market valuations.

• Meanwhile, public inflation expectations in Britain rose in August, changing course after falling in recent months, a survey from U.S. bank Citi and pollsters YouGov showed on Tuesday.

• Among the mid caps, miner Hochschild Mining climbed 8.6% after first-half revenue rose 62% from a year ago, making it one of the FTSE 250’s top gainers.

Reporting by Anand Gopal in Bengaluru; Editing by Diti Pujara

Sterling dips, currency markets look to the U.S. for cues

Sterling shed 0.2% on the dollar to $1.3625, retreating from a six-month high of $1.3675 hit last week

International News via Reuters:

The pound dipped from its recent high against the dollar and also slid versus the euro on Wednesday, but with little in the way of major news from Britain, the currency was mainly shaped by broad risk sentiment and developments elsewhere. 

Sterling shed 0.2% on the dollar to $1.3625, retreating from a six-month high of $1.3675 hit last week. It was at 85.61 pence against the euro, also a fraction softer on the day. 

The pound has performed reasonably well among major currencies this year, supported by a resilient UK economy and high British bond yields. These are particularly relevant when markets are calm, as currency markets are at present, as traders focus more on carry trades which profit from rate differentials. 

It has gained just over 1% on the dollar and nearly 2% on the euro this year. 

But the focus for currency markets on Wednesday was on moves in the United States.  

“There is no UK data of note today once again, leaving cable (the pound/dollar exchange rate) to trade off this afternoon’s U.S. releases, with Friday’s Jackson Hole keynote still the next probable directional catalyst,” said analysts at Monex Europe. 

U.S. PCE, the Federal Reserve’s preferred inflation gauge, is due at 1230 GMT, and could shape expectations for the Fed’s interest rate path this year. 

It will also set the scene for Fed Chair Kevin Warsh’s speech on Friday at the important central banking conference, which past chairs have used as a high-profile platform to signal policy thinking or reinforce existing messages. 

Reporting by Alun JohnEditing by Gareth Jones

Trump says Strait of Hormuz has been demined, warns Iran not to plant more

In a post on Truth Social, Trump said the United States, through its Space Force, was watching “every square inch” of the Strait, a key waterway in the global energy supply chain

International News via Reuters:

U.S. President Donald Trump said on Tuesday that all mines had been detonated or removed from international waters of the Strait of Hormuz and that Iran has been told that any ship or boat placing new mines will be destroyed. 

In a post on Truth Social, Trump said the United States, through its Space Force, was watching “every square inch” of the Strait, a key waterway in the global energy supply chain.

“There is a Zero Tolerance policy on mine placement in full force and effect,” Trump said.

The U.S. and Iran have not conducted air strikes on each other’s militaries for weeks, but attacks on vessels in the Strait of Hormuz have continued as the two sides vie for control of the narrow maritime passage.

Oil transits through the strait were at 5 million barrels per day on Monday, provisional data from shiptracker Vortexa showed, down from more than 20 million per day before the war or about one of every five barrels consumed worldwide.

Reporting by Daphne Psaledakis and Ismail Shakil; editing by Michelle Nichols and Katharine Jackson