Negotiations between Washington and Tehran advance amid Bank of England concerns over flawed economic statistics impacting policy decisions.
The US and Iran are discussing revised ceasefire proposals to de-escalate regional tensions, potentially easing oil supply disruptions. Talks focus on mutual concessions to stabilize Middle East markets and reduce geopolitical risk premiums in energy prices.
The Bank of England raised doubts about the accuracy of recent UK economic data, citing inconsistencies in inflation and growth figures. Analysts warn unreliable statistics could mislead monetary policy decisions, increasing volatility in GBP and gilt markets.
Markets showed muted reaction as investors await concrete details on both fronts, with Brent crude holding steady near USD 85 per barrel.