Pound once again under fiscal pressure 📉 🇬🇧

The pound is recording its third consecutive session of declines against the dollar, once again weighed down by the selloff in UK government bonds. GBP/USD is currently down 0.5%, making it the second weakest G10 currency (only the SEK is performing worse). However, the dollar’s strength has been capped at the 50% Fibonacci retracement level of the latest downward wave.

The latest UK public finance data has triggered anxiety in the bond market. The budget deficit reached a five-year high (£18 billion), overshooting all forecasts (by £4 billion above the highest estimates). The fiscal records did not go unnoticed — yields on 10-year gilts rose 3 basis points to 4.71%, while 30-year yields stand just below this century’s record of 5.69% (currently: 5.55%, +4 bps).

The data only heightens tensions ahead of the November 2026 budget. Chancellor Reeves has repeatedly emphasized that deficit reduction is a non-negotiable goal. As a result, the market expects billions in new taxes, which could weigh on UK equity performance.

Source: xStation5

22 July 2026, 4:45 PM

Cocoa loses 5% amid rising inventories on ICE

22 July 2026, 4:18 PM

Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea

22 July 2026, 3:41 PM

🔼 Gold gains 1.7%

22 July 2026, 11:28 AM

🛢️Brent Crude Oil Tests $95 per Barrel

Forex

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days