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July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7 The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared. In a July update of its World Economic Outlook, which was finalised before the latest outbreak of hostilities in the Middle East, the Washington-based organisation projected UK gross domestic product to grow by 1% this year – up 0.2 percentage points from its April forecast. Continue reading...
Read full articleRising inflation in 2026 may hinder rate cuts, affecting global monetary policies and economic stability amid geopolitical uncertainties. The post IMF projects global inflation to rise in 2026, easing in 2027 appeared first on Crypto Briefing.
Market volatility may persist as geopolitical tensions and oil price fluctuations challenge economic stability and investor confidence. The post Middle East tensions, oil price surge hit markets; AI, semiconductor stocks dip appeared first on Crypto Briefing.
The post WTI Oil advances on Trump’s Iran shift, rising Hormuz supply risks appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) US Oil trades around $73.10 on Wednesday at the time of writing, up 1.48% on the day, as investors reassess risks to global energy supply following a renewed deterioration in geopolitical conditions across the Middle East. The Oil market is supported by comments from United States (US) President Donald Trump, who confirmed that the memorandum of understanding with Iran aimed at ending the conflict in the Middle East is now over. Speaking from the North Atlantic Treaty Organization (NATO) summit, Trump also said he no longer wants to negotiate with Iran after the latest attacks on commercial vessels transiting through the Strait of Hormuz. Tensions intensified after the US Central Command (CENTCOM) confirmed it had struck Iranian military infrastructure in response to Tehran’s attacks on several commercial ships in the Strait of Hormuz. The strat
The post Japanese Yen falls as renewed US-Iran tensions boost the US Dollar, Oil prices appeared on BitcoinEthereumNews.com. USD/JPY edges higher on Wednesday as renewed escalation in the Middle East boosts demand for the US Dollar (USD) and lifts Oil prices, weighing on the Japanese Yen (JPY). At the time of writing, the pair is trading around 162.50, close to 40-year highs. The United States and Iran exchanged fire overnight following attacks on commercial ships near the Strait of Hormuz earlier this week. On Wednesday, US President Donald Trump declared that the ceasefire deal with Iran was “over” and said dealing with Tehran was “a waste of time” while speaking at the NATO Summit in Ankara, Turkey. The latest escalation has dampened hopes for a near-term peace deal, reigniting concerns over potential disruption to global Oil flows through the critical waterway, where shipping had been gradually improving since last month’s interim peace agreement. The rebound in Oil prices has revi
The assassination heightens Middle East tensions, risks further conflict in Iraq, and signals potential shifts in Iran's leadership dynamics. The post Iran’s Supreme Leader Khamenei assassinated in US-Israeli airstrike appeared first on Crypto Briefing.
The post British Pound: Pound resilience faces political risks – Rabobank appeared on BitcoinEthereumNews.com. Rabobank’s Senior FX Strategist Jane Foley highlights that the British Pound (GBP) has been a strong G10 performer this year, supported by sticky United Kingdom (UK) inflation, Bank of England (BoE) rate expectations and inbound M&A flows. However, Foley warns that excess economic capacity, high government debt and political uncertainty around Burnham’s incoming Labour government and fiscal stance could weigh on GBP, with EUR/GBP seen higher by year-end. Feel good for now “The pound is the second best performing G10 currency in the month to date after the NOK. In the year to date the pound is fourth place in the G10 performance table. The UK’s recent history of sticky inflation and the swing in short-term interest rates at the start of the Iran war to pricing in BoE rate hikes can partly explain GBP’s resilience.” “Despite this month’s better tone, we don’t see GBP as being fr
Rising inflation risks could lead central banks to tighten policies, potentially slowing global economic growth and impacting markets. The post IMF warns of inflation threat amid Middle East conflicts: FT appeared first on Crypto Briefing.
Rising inflation and geopolitical tensions could destabilize global economies, impacting emerging markets and driving shifts in investment strategies. The post IMF warns inflation threat looms large over global economy appeared first on Crypto Briefing.
