GBP/USD in focus as Trump rules out Iran strike, Hormuz blasts reported

The source reports no price moves, pip figures or technical levels for any currency pair. The main geopolitical headline is President Trump saying the US will not be attacking Iran any time soon, with the headline framing this as no attacks before the midterms. Arab sources separately reported several severe explosions in the Strait of Hormuz, a development relevant to oil and broader risk sentiment. US data was mixed. Weekly initial jobless claims came in at 197K against 200K expected, pointing to a firm labor market. August wholesale inventories rose 0.5%, below the 0.7% expected. The Atlanta Fed GDPNow Q3 tracker eased to 3.6% from 3.7%. The US Treasury sold $22 billion of 30-year bonds at a high yield of 5.618%. On central banks, Fed's Musalem was quoted on further monetary policy firming, though the source text is cut off before the full remark. BOE Governor Bailey said monetary policy needs an unwavering commitment to returning inflation to target. For traders, USD and GBP pairs remain sensitive to Fed and BOE rhetoric, US yields and headlines from the Strait of Hormuz.