US Federal Reserve chair Jerome Powell said the US is ‘getting back on a disinflationary path,’ minutes of Fed’s June meeting due later today

At the same time, City investors said a landslide victory for Keir Starmer in the general election tomorrow could hand Britain a stability premium in global markets, boosting the pound, shares and investment in the UK at a time of mounting political turmoil elsewhere.

In sharp contrast with Conservative party warnings over the dangers of a large Labour majority, analysts in the City of London said the prospect of a resounding mandate for Starmer’s party could secure Britain’s “safe haven” status among investors in an increasingly volatile world.

The UK is really being seen not just as a safe haven, but the safest of havens – especially in Europe.