EUR/GBP is holding a narrow band around the mid-0.8500s with little conviction in either direction. At the time of writing, the cross is close to flat on the day.
The European Central Bank (ECB) raised rates in June, and markets continue to lean toward a further move at the September meeting, with persistent energy-driven inflation keeping the hawks in charge.
A senior Iranian official told Reuters that Tehran has decided to shift its stance from defensive to a “fully offensive” one, set a deadline of a few weeks for the United States to fully implement the June memorandum of understanding, and warned that all Iranian entities are prepared to…
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