Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data 
Australia's Inflation Eases in February but Core Pressures Persist 
Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions 
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal 
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty 
According to latest report from BRC, shop prices are in decline at record pace in November, posing considerable doubts over bank of England's (BOE) ability hike rates. After maintaining the rhetoric for quite some time, in last monetary policy meeting and inflation report, BOE has scaled back their expectations for both inflation and interest rates.
According to BRC, UK shop prices declined for record 31st month, down -2.1%, after dropping 1.8% in October. Downward pressure on prices are quite significant.
- Detailed report shows, clothing and footwear prices are down -6.3% y/y, DIY, gardening and hardware down -4.7%, books, stationary and home entertainment prices are down -4.6%, Electricals are down -4.3%, overall non-food items are down -3.3%.
Official reading of annual inflation rate was -0.1% in October. It seems, November won't be much different.
Yesterday, manufacturing PMI report came at 52.7, weaker than prior and halted Pound's advance against Dollar around 1.512.
Pound is currently trading at 1.506, awaiting the construction PMI report.
