Samuel Indyk

The dollar was flat against major currencies ​on Monday, as the continued stand-off between the US and Iran pushed oil prices higher, and as the ‌Treasury market's selloff resumed, boosting yields.

British government bonds rallied sharply on ​Thursday after the Bank of England soothed the gilt market by announcing it would pause its active debt sales, which some commentators ‌have blamed for adding to the pressure on gilts, as it held interest rates steady.

London Stock Exchange Group plans to launch ‌tokenised UK shares to expand global access to London-listed companies, it said on Tuesday, and will partner with Payward, parent of crypto exchange Kraken, to explore new ways of trading equities.

Traders will return from their August breaks to a host of risks for markets, including ​rising concern about high government debt and prolonged inflation.

Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will ​hold interest rates steady, while oil prices edged higher as investors balanced lower demand against a deadlock in U.S.-Iran talks.

The British pound was little changed against both ‌the dollar and euro on Monday as markets awaited growth data later in the week and updates on talks in the Middle East to reopen the Strait of Hormuz.

The ‌London Stock Exchange on Tuesday announced plans to launch LSE 24, a night-time trading site for some exchange-traded products, in the first half of 2027, a move that could pave the way for round-the-clock equities trading ​in the future.

Share indexes tumbled around the world on Friday, ​as heavyweight chip stocks plunged for a third consecutive day as investors reduced bets on artificial intelligence, with China's Moonshot releasing a large ‌AI system.

The British pound rose against both the dollar and euro ​on Wednesday, on expectations that Andy Burnham, who is likely to be named new Labour party ‌leader on Friday, will pick a fiscally conservative finance minister.

The British pound was headed for its biggest weekly jump in 12 weeks against the U.S. ‌dollar on Friday, helped by easing domestic political risk and soft U.S. labour market data.