The pound remains stable above 1.36, with continued support from expectations of Bank of England interest rate hikes.

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智通财经2026/08/26 08:51

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The British pound is trading above 1.36 against the US dollar, near the strongest level since mid-February. The market continues to price in a rate hike by the Bank of England within the year, and although oil prices have retreated, concerns remain over sticky inflation and rising government debt.
Brent crude oil has fallen for the third consecutive day. Iran and Oman are holding negotiations over reopening the Strait of Hormuz, and Oman's foreign ministry stated that a temporary corridor may be announced soon. There are also market rumors that the US and Iran may reach a new ceasefire agreement in the coming days. The currency market is pricing in at least a 25-basis-point rate hike by the Bank of England before year-end. July inflation accelerated to 2.9%, the highest since March, and it is expected to rise further by year-end. The market is watching the first budget proposal from the new government in October.

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The US natural gas OTC trading price has surpassed the $2.9 mark, with an intraday increase of 0.9%. As one of the world's major energy commodities, fluctuations in natural gas prices typically trigger a chain reaction on the cost side of various downstream industries such as chemicals, electricity, and heating. This price increase has also drawn market attention to the future energy supply structure and corresponding changes in industry chain costs.

智通财经•2026/08/29 20:16

The price of New York crude oil in over-the-counter trading has fallen below $83, with an intraday decline of more than 0.5%.

智通财经•2026/08/29 20:16

Market-related news shows that oil transportation in the Persian Gulf has now recovered to about 70% of its pre-conflict level. Although Iran's oil exports are still restricted, this situation is helping to curb the rise in crude oil prices.

智通财经•2026/08/29 19:36

Key takeaways from the Federal Reserve's annual Jackson Hole meeting are as follows: Fed Chair Walsh emphasized in his keynote speech that curbing inflation is a core responsibility of central banks. During the meeting intervals, Eurozone policymakers issued warnings about inflation risks, with some officials suggesting that a rate hike may be necessary in September. Bank of England Governor Bailey stated that at present there is no urgency to raise interest rates, noting that the second-round

智通财经•2026/08/29 18:41