U.S. President Trump extends the ceasefire with Iran in order to allow for further peace talks to be organised. However, the Strait of Hormuz remains blockaded by both sides with global markets in limbo. Federal Reserve Chair nominee Kevin Warsh insists he has made no promises to President Trump on rate cuts and will remain an ‘independent actor’ on future decisions should he be confirmed. The UK’s March CPI is 3.3 per cent higher on the year, up from February’s 3 per cent inflation figure.
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