Wednesday 27th June 2018

The US wants its allies to all cut imports from Iran to “zero” or face possible sanctions themselves. As NAB’s Ray Attrill explains, it pushed oil prices higher today, whilst equities have rebounded from yesterday’s caution. Phil Dobbie asks Ray whether the Fed has highlighting any changes to its monetary approach given the escalating trade tensions. They also discuss the flattening yield curve, and how the Bank of England’s MPC “rookie” talked the pound down today.