Iran Strikes Back as Markets Hold

Iran’s Revolutionary Guards strike U.S. bases in Jordan, Kuwait, and Bahrain in retaliation for American strikes near Hormuz — a major escalation since April’s ceasefire. Yet markets stay calm as investors bet on a peace deal, with the dollar holding steady. Sterling edges up against the dollar after hitting a low, while euro trading shows little movement. Traders brace for UK GDP data Friday, followed by inflation, retail sales, and BoE rate decision next week. Meanwhile, the upcoming Makerfield by-election on June 18 could shake Labour leadership and UK fiscal outlook — adding fuel to sterling’s uncertainty. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c7eb4844371d29e2