The GBP/JPY pair trades 0.22% higher to near 213.10 at the start of the European trading session on Thursday.

Commodity price spikes in early 2026 are driven by a convergence of long-term under-investment, monetary inflation, and geopolitical conflicts. Markets like tin remain acutely vulnerable due to supply disruptions in Myanmar and the DRC.

Chinese equities are rallying through December and January. Beijing's efforts in a Tariff-driven world seem to be working. The yuan strengthened against the dollar and Chinese ETFs are pushing higher.