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ECB’s Kazimir: A rate hike on Iran war may be closer than thought

European Central Bank (ECB) policymaker Peter Kazimir comments on the central bank’s path forward on interest rates in light of the conflict in the Middle East.

Key quotes

The ECB is still in good place.

We will be ready to act if needed.

There's no reason to act at the next meeting.

I have no reservations to hike without new forecasts.

Upside inflation risks clearly dominate.

A rate hike on Iran (war) may be closer than thought.

Pound Sterling rises as sentiment improves on lower oil prices

GBP/USD gains ground after registering little losses in the previous session, trading around 1.3450 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens against its peers amid optimism that the Middle East conflict may have a smaller impact on inflation than initially feared.
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Forex Today: US inflation data, fluctuating Oil prices to drive action

Here is what you need to know on Wednesday, March 11:
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