As talks over the Strait of Hormuz make progress, views that market tensions will ease are gaining ground, while views have emerged that the test facing the UK's fiscal discipline will once again come to the fore.
Progress in talks over the Strait of Hormuz has been reported, with signs of easing tensions drawing attention.
Challenges surrounding the UK's fiscal discipline have again become a focus, and an outlook has been presented that developments in fiscal consolidation will affect foreign exchange markets.