12/05/2026
Markets have no shortage of catalysts today as US CPI could shape Fed expectations and drive Treasury yields higher.
Here’s what’s driving markets today:
📊 US CPI in focus
🌍 Geopolitical tension persists — US–Iran talks
⚠️ Political pressure builds in the UK
Our Market Analyst, Jamie breaks it down:
"It's a busy day for markets with US CPI, US-Iran conflict headlines and the end of the UK PM, all vying for attention. Core CPI is key for the Fed but a big headline print could support USD and push the important 2-year Treasury yield above 4%. The US and Iran still seem far apart in peace talks but markets are reluctant to price renewed escalation. GBP is under pressure as calls on PM Starmer to quit ramp up. Concerns over the UK's finances means we are watching rising gilt yields which means more downside to come in sterling."
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