Turkey Consumer Confidence rose from previous 85 to 85.5 in April.Turkey Consumer Confidence rose from previous 85 to 85.5 in April

Pound Sterling Today: UK Inflation Up, But No BoE Shift Yet.Pound Sterling held firm against the euro and US dollar after UK inflation rose as expected, reinforcing a finely balanced outlook for Bank of England policy. The Pound to Euro exchange rate (GBP/EUR) is seen trading flat on the day at 1.15031, while the Pound to Dollar exchange rate (GBP/USD) is marginally higher at 1.35155.

Breaking News: UK inflation hits 3-month high as energy & food pressures mount.UK inflation climbed to 3.3% in March, driven by surging energy and food prices amid geopolitical tensions. This reinforces a restrictive Bank of England policy outlook.

USD/JPY Price Forecast: Flirts with 100-hour EMA support, above 159.00 amid softer USD.USD/JPY Price Forecast: Flirts with 100-hour EMA support, above 159.00 amid softer USD

USD: Recovery restrained as conflict risk seen low – DBS.USD: Recovery restrained as conflict risk seen low – DBS

Another Round of TACO's for Everyone.Another round of TACO's for everyone. US President Trump first extended the ceasefire deadline from April 21 to April 22 before announcing later it would continue indefinitely until Iran offers a new, unified proposal “and discussions are concluded, one way or the other”.

Oil: Brent supported near USD100 on Hormuz risks – MUFG.Oil: Brent supported near USD100 on Hormuz risks – MUFG

UK CPI Hits 3.3% as Fuel Costs Drive Inflation Higher, Pipeline Pressures Build.UK inflation rose in March, with CPI rising from 3.0% yoy to 3.3% yoy, in line with expectations. On a monthly basis, prices increased 0.7% mom, slightly above forecasts of 0.6% mom, reflecting renewed upward pressure largely driven by energy-related components.

Pound Sterling faces pressure as UK core, services inflation cools down.Pound Sterling faces pressure as UK core, services inflation cools down

Mixed Reaction to Extended Ceasefire.The ceasefire in the Middle East has been extended, yes, despite Donald Trump's early threats that it was ‘unlikely' to be extended and that he would step up his aggressive stance in case of no deal. That is yet another proof that the US could be losing control in the region, and it's important to look past the noise that's injected in the markets by tweets or even official announcements, because they seem to carry an increasingly lighter weight.

Trump Extends Ceasefire.In Sweden, March labour market statistics is set to be published. Our forecast is that the unemployment rate will remain unchanged from February at 8.4%, seasonally adjusted, although LSF data is very volatile.

Oil Near $100 as Ceasefire Extension Prolongs Uncertainty Indefinitely.The ceasefire has been extended—but so has the uncertainty. Markets initially braced for escalation after US–Iran talks were cancelled, but sentiment quickly stabilized when US President Donald Trump announced an indefinite extension of the ceasefire.

Rupee falls with oil-sensitive Asia FX, central bank likely steps in.The Indian rupee weakened alongside other oil-sensitive Asian currencies, with expectations of central bank intervention to curb volatility and support the currency.

ECB's Kazaks says not in a rush to make a move on monetary policy.ECB's Kazaks says not in a rush to make a move on monetary policy

AUD/JPY Forecast: Drifts higher above 114.00, bullish momentum persists above 100-day EMA.AUD/JPY Forecast: Drifts higher above 114.00, bullish momentum persists above 100-day EMA

JP Morgan stays bearish on the Japanese yen amid higher energy prices.Even with the dollar's recent slump, the yen is unable to get off the floor too as Japan continues to suffer heavily from the Middle East conflict. The closure of the Strait of Hormuz is hitting Asian countries hard and Japan is one to be impacted quite badly in all of this.

Netherlands, The Consumer Confidence Adj dipped from previous -30 to -44 in April.Netherlands, The Consumer Confidence Adj dipped from previous -30 to -44 in April

Australian Dollar edges higher as Trump extends ceasefire with Iran.Australian Dollar edges higher as Trump extends ceasefire with Iran

GBP/JPY Price Forecast: Retains bullish bias below mid-215.00s/weekly top ahead of UK CPI.GBP/JPY Price Forecast: Retains bullish bias below mid-215.00s/weekly top ahead of UK CPI

investingLive Asia-Pacific FX news wrap: Trump extends ceasefire, markets mainly stable.Late in the US session, President Trump announced an indefinite extension of the Iran ceasefire as negotiations appear to have stalled, with neither Vice President Vance nor Iranian officials heading to Islamabad at this stage. Trump said the extension is intended to allow more time for diplomacy, though it remains unclear whether Iran or Israel will formally align with the move.

US dollar firms near weekly peak on Iran truce scepticism, strong data.The US dollar steadied near a one-week high in early Asian trade on Wednesday as investors raised fresh doubts about the durability of President Donald Trump's announcement that the Iran ceasefire would be extended indefinitely. That scepticism, combined with hawkish-leaning remarks from Federal Reserve chair nominee Kevin Warsh and a record jump in US retail sales, gave the safe-haven currency a broad base of support even as geopolitical hopes remained fragile.

US tightens grip on Iraq over Iran-linked groups, halt dollar flows over militia activity.Wall Street Journal (gated) report. The U.S. halted dollar shipments to Iraq and paused security support, increasing pressure on Baghdad to curb Iran-backed militias and highlighting Washington's financial leverage over Iraqi oil revenues.

Rupee set to weaken more; oil largely shrugs off Trump ceasefire extension.The Indian rupee is set to weaken further on Wednesday, pressured by renewed upward bias in oil prices despite U.S. President ​Donald Trump extending the ceasefire with Iran indefinitely.

Australia Westpac Leading Index Signals Below-Trend Growth Ahead, RBA Still Expected to Hike.Australia's Westpac Leading Index slipped from 0.05% to -0.13% in March, signaling a shift to below-trend growth for the remainder of 2026. The reading marks the first negative signal since August last year, indicating that momentum is softening, though not yet deteriorating sharply.

EUR/JPY Price Forecast: Remains above 187.00 as bullish bias prevails.EUR/JPY Price Forecast: Remains above 187.00 as bullish bias prevails

Japan's Exports Rise 11.7% in March, Trade Surplus Misses.Japan's trade balance recorded a surplus of JPY667.0B in March, falling short of expectations despite a solid rebound from February's JPY44.3B. The miss came as a sharp rise in imports offset another month of strong export growth, highlighting the growing impact of higher energy costs and Yen weakness.

UK inflation set to jump to 3.3% in March due to higher energy prices.UK inflation set to jump to 3.3% in March due to higher energy prices

Pound Sterling treads water above 1.3500 ahead UK CPI data.Pound Sterling treads water above 1.3500 ahead UK CPI data

Warsh's Forward Guidance and a Still Resilient Consumer.First on Kevin Warsh's Fed Chair hearing, there were a few things he said today that we will no doubt come back to over the coming weeks (and really months once he finally gets confirmed). But there is one thing that really stood out.

A New Rra for the Fed? Looking Back on Kevin Warsh's US Senate Hearing & Market Reactions.Today welcomed one of the final steps for Kevin Warsh to replace Jerome Powell as Chairman for the Federal Reserve – A process that initially was supposed to occur on May 15th.