SECURITY: Sullivan: We Close To Ceasefire/Hostage Deal For Gaza
Dec-12 16:19
US President Joe Biden's National Security Advisor Jake Sullivan has told reporters he believes a ceasefire-for-hostage deal for Gaza is "close" after talks in Israel with Prime Minister Benjamin Netanyahu today.
- Sullivan said that the "Israeli government has indicated it would like to see a deal and we see movement from Hamas."
- Barack Ravid at Axios reports on X that Netanyahu told Sullivan, "Israel is ready to implement the outline of the hostage deal immediately and is waiting to see if Hamas will agree and give the green light to the deal."
- Sullivan, "I got the sense [Netanyahu] is ready for a deal," adding that his goal is "to be in a position to close a deal this month."
- Sullivan noted that "Hamas' posture at the negotiating table" changed after the Israel-Hezbollah ceasefire deal was struck in Lebanon last month, suggesting that increased regional isolation after Iran's proxy network suffered major setbacks in Lebanon and Syria has accelerated Hamas ceasefire process.
- On developments in Syria, Sullivan says that Washington is having "intense conversations" with both Israel and Turkey about preventing a "range of risks including the possibility of state fracture." Sullivan adds that Israel's move into Syria buffer zone is consistent with self-defence and says he believes that any Israeli occupation of Syrian territory will be temporary.
- Sullivan notes that any Gaza ceasefire deal is not linked to any separate initiative to normalise relations between Israel and Saudi Arabia.
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FOREX: GBP Cements Place as Tuesday's Worst Performer
Nov-12 16:17
GBP cementing its position as the poorest performer in G10 today, with another pullback low at 1.2755 in recent trade - this extends the losses on the break of the 200-dma earlier this morning, which had held as solid support back in August.
- The greenback remains the key catalyst here, as markets shrugged off the higher-than-expected wages numbers out ahead of the UK open, and while BoE's Pill made no particularly new comments on monetary policy (again using the word 'gradual'), he referenced economic pressures from the last Budget as a "short-term" demand shock - potentially playing down any hard impact on the longer-term neutral rate.
- Short-term support at 1.2799 has given way, but 1.2665 is seen as a more significant level, marking the reversal low from August. EUR/GBP's ability to continue straddling 0.83 could also be pressuring GBP/USD here.
- Bailey's appearance at Mansion House this week provides the key risk event, who speaks alongside Chancellor Reeves - however it would be unusual for him to mark a notably different tone on monetary policy. Read more here: https://marketnews.com/boe-upcoming-mpc-speakers-1-2
US TSYS: US TSY 13W AUCTION: NON-COMP BIDS $2.384 BLN FROM $81.000 BLN TOTAL
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US TSYS: US TSY 26W AUCTION: NON-COMP BIDS $1.815 BLN FROM $72.000 BLN TOTAL
Nov-12 16:15
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