UK’s Raab: Iranian missile shot down the plane

Anil Panchal FXStreet

The UK Foreign Secretary Dominic Raab crossed wires on early Friday morning in Asia. The British diplomat joins the chorus of global leaders who allege Iran behind the crash of Ukraine International Airlines Boeing 737 that killed 176 people on board.

Raab, further, advised against all travel to Iran following "body of information" that UIA flight 752 was shot down by Iran.

Also, he recommended against taking a flight to, from and within Iran.

FX implications

With the global evidence mounting pressure on Iran, this seems that the nation might choose to de-escalate its war signals, which in turn can help the USD/JPY, currently around 109.54, while also likely to extend Gold’s latest pullback.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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