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Latest Fix (Jun 15 2021)

GILT AUCTION RESULTS

DMO sells GBP2.75bln of the 0.125% Jan-28 gilt

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French President Emmanuel Macron, his Egyptian counterpart Abdel Fattah al-Sisi and King Abdullah II of Jordan are holding talks to work towards a ceasefire between Israel and Hamas the Elysee Palace has stated.

  • The French presidency stated the talks "aims above all to work for a rapid cease-fire and prevent the conflict from extending".
  • While the two Arab nations and a former colonial power in the MidEast may have some minor influence, the major external factor in deciding if a ceasefire can be reached will be attitude taken by the Biden administration in the US.
  • So far the US has blocked any UN resolutions on the matter, and indeed Biden has only talked about 'calm' in the region rather than 'peace'. Without forceful US intervention on both sides, the prospect of a ceasefire reduces further into the distance.