Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
Canada and Germany Advance Major LNG Supply Partnership 
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.
