President Volodymyr Zelenskyy meets with UK PM Sir Keir Starmer at the bottom of the hour in the aftermath of a series of high-level videocalls on 13 August related to the situation of the war, and more specifically, the upcoming meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska on 15 August. Three main calls took place on 13 Aug: the first between Zelesnkyy and European Union leaders, the second involving Zelensky, European leaders (incl. Starmer), the NATO Secretary General Mark Rutte, and Trump and his VP JD Vance, and the third involving the 'coalition of the willing', those countries that have committed to providing peacekeeping troops to Ukraine if a peace deal is reached.
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SFIZ5 96.25/96.05/95.85 put fly paper paid 3.25 on 5.5K. Was also lifted on 5.5K yesterday.
Latest block trades lodged at 08:36:12 London/03:36:12 NY:
Early NOK underperformance has faded a little, with yesterday’s 11.8792 high containing topside in EURNOK for now. Through July, the cross has consolidated the ~4% rise seen following Norges Bank’s surprise 25bp cut on June 19. This has allowed an overbought condition to unwind, providing a more favourable technical backdrop for those expecting NOK weakness to continue. Initial resistance is the July 2 high at 11.9156, clearance of which would expose the psychological 12.0000 handle.