Kate Duguid

But we are seeing splits emerging on the Monetary Policy Committee.

And I think that'll be interesting to watch.

Certainly, I think from both banks, we could expect to see an interest rate hike later on this year.

We have seen investors continue to assume that Trump will sort of back down from his most radical claims.

One of the things that's been interesting to see has been that the market tends to rally and pretty strongly when there's good news, when there's news about a potential deal or progress in talks.

But it hasn't really fallen very much when fighting has resumed, which has been a little bit surprising.

But I think it's because really sort of this taco trade is still very much present in investors' minds.

You know, the war is unpopular.

There's, I think, some sense that U.S.

President Donald Trump has maybe reached his pain point.

Thank you.