Surging state spending vs. improved background mood music to pull Pound Sterling in opposite directions.

The Bank of England Governor confirms he won't be bounced into panicky moves due to geopolitical uncertainty.

The British Pound is higher after U.S. President Donald Trump said a ceasefire between Israel and Iran "is now in effect".

A worst-case scenario for oil markets looks a reality as Iran takes steps towards shutting down the Strait of Hormuz following the destruction of its nuclear facilities following a U.S. bombardment.