British Pound: Political strain weighs on Sterling – Commerzbank

The post Platinum: Repeated deficits tighten stocks – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Commodity Analyst Barbara Lambrecht reports that focus in London is turning to Platinum group metals as the World Platinum Investment Council prepares updated forecasts. The bank expects WPIC to project a fourth consecutive annual deficit, further eroding above-ground stocks that already cover only four months of demand. Continued medium-term deficits and inventory drawdowns would likely underpin Platinum prices. WPIC outlook and shrinking inventories “At the start of the week, the World Platinum Investment Council (WPIC) will present its new forecasts for the platinum market. It is expected to forecast the fourth consecutive supply deficit for this year.” “Even though the supply deficit is likely to be smaller than in previous years due to weaker demand from the automotive industry and for platinum jewelry, above-ground inventories — which have already fallen significan

The post Copper: Tariff risk fuels rally – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Commodity Analyst Barbara Lambrecht highlights that Copper has surged to record levels on the London Metal Exchange, supported by structural demand from the energy transition and data centers. At the same time, the US is considering extending tariffs to refined Copper from 2027, encouraging pre-emptive stockpiling and tightening supply outside the US. Chinese production data due next week will be closely watched. Record prices and looming US tariffs “In the base metals markets, sentiment remains positive despite another significant rise in energy prices: The London Metal Exchange index even hit a new record high this week. A ton of copper cost more than USD 14,000.” “In addition to concerns about a shortage of copper ore, fears of an expansion of US tariffs on metal imports are likely also playing a role in the current copper price rally. The US Department of Commerce is expected t

The post Gold: Higher yields weigh on price – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Carsten Fritsch notes that the Gold price has retreated sharply as markets price in renewed US rate hikes after strong producer price data. Rising US Treasury yields are increasing the opportunity cost of holding Gold, while India’s steep import tax hike is set to curb physical demand. The new Fed Chair may struggle to justify rate cuts. Rate expectations and Indian tax shock “The price of gold has fallen by up to 2% today to USD 4,560 per troy ounce. Before the price drop began yesterday, it was still trading at around USD 4,700. Headwinds are coming from interest rate expectations.” “Following the significantly higher-than-expected US producer price data for April, the market now anticipates interest rate hikes by the US Federal Reserve. A 15-basis-point rise in US key interest rates is priced in by the end of the year, and a full 25-basis-point rate hike by March 2027. As a r

The post BofA Exits GBP Trade As UK Political Uncertainty Deepens Sterling Selloff appeared on BitcoinEthereumNews.com. BofA Exits GBP Trade As UK Political Uncertainty Deepens Sterling Selloff Skip to content Home Forex News BofA Exits GBP Trade as UK Political Uncertainty Deepens Sterling Selloff Source: https://bitcoinworld.co.in/bofa-exits-gbp-trade-uk-political-uncertainty/

The post Euro rallies above 0.8700 against the British Pound as UK political turmoil worsens appeared on BitcoinEthereumNews.com. The Euro (EUR) rallies for the second consecutive day against an ailing British Pound (GBP) on Friday, crushed by growing political uncertainty in the UK. The cross reached fresh five-week highs above 0.8720 earlier on the day and is heading for a 0.75% weekly appreciation, its best performance in the last eight months. Traders are selling the Pound across the board, following the resignation of the UK Health Secretary, Wes Streeting, the last of a series of resignations, following the disastrous Labour results at last week’s local elections. Streeting affirmed on Thursday that he “lost confidence” in UK Prime Minister Keir Starmer, which has increased his isolation. Starmer has pledged to remain in charge, but his position grows weaker by the minute. Calls to resign have been mounting, and some Labour lawmakers are moving to replace him, with the Mayor of G

The post Hungarian Forint: Swap move flags MNB easing risk – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Tatha Ghose notes that the National Bank of Hungary (MNB) cut the implied rate on EUR liquidity swaps, effectively a 50 bp easing signal that widens the gap to the base rate. While the Monetary Policy Committee (MPC) kept the policy rate unchanged and maintains a wait‑and‑see stance, the June Inflation Report could open the door to cuts. The bank does not expect this to hurt the Forint given strong real rates and supportive politics. NBH swap cut prefaces possible rate easing “The National Bank of Hungary (MNB) reduced the implied interest rate on its EUR-liquidity swaps with domestic banks on Wednesday, a move widely seen as a precursor to monetary easing.” “This translates to roughly 50bp rate cut, widening the gap of the swap rate versus the main policy rate to 1pp.” “While not a formal change to the base rate, this can be interpreted as an implicit acknowledge

Nigel Farage has come under renewed scrutiny in the United Kingdom after reports linked a £1.4 million property purchase to a multimillion-pound personal payment from crypto investor Christopher Harborne, adding to existing concerns over the Reform UK leader’s financial ties…

The post EUR/GBP Price Forecast: Cross remains capped below Key SMAs despite tentative rebound appeared on BitcoinEthereumNews.com. EUR/GBP trades choppy on Thursday, with the British Pound (GBP) modestly outperforming the Euro (EUR) on the back of resilient UK economic data, while traders also assess growing political noise in the United Kingdom. At the time of writing, the cross is trading around 0.8659 after touching an intraday high of 0.8668 earlier in the day. The UK economy expanded by 1.1% YoY in the first quarter of 2026, accelerating from 1.0% in the previous quarter and beating market expectations of 0.8%, according to preliminary estimates. On a monthly basis, UK GDP rose 0.3% in March, defying forecasts for a 0.2% contraction, though growth slowed slightly from February’s 0.4% expansion. However, the GBP is struggling to build on gains from the stronger UK economic data as political uncertainty weighs on sentiment. Speculation over potential leadership challenges to Prime