JPMorgan Chase: The Bank of England is expected to cut interest rates by 75 basis points before the end of the year, bringing the policy rate to 4.5%.

JPMorgan Chase: The Bank of England is expected to start cutting interest rates in August 2024, previously expected to be November.

Houthi leader: Warns other countries not to join U.S. maritime alliance.

Houthi leader: Will continue to attack Israeli-related ships.

Houthi leader: We are now in direct confrontation with the United States and Britain.

Houthi armed leader: We are working to improve our military capabilities.

Houthi leader: U.S. airstrikes have not affected our military capabilities.

Houthi armed leader: US and UK air strikes will not change our position.

Honda Motor Co (HMC.N): U.S. sales are expected to rise 10% in 2024 to 1.4 million vehicles.

Senior Ukrainian government official: Ukraine is making every effort to resume air travel in Ukraine.

USD/CHF rose 0.50% during the day and is now at 0.8686.

Ukrainian Foreign Minister: If Ukraine fails, the price of repairing the world will be higher.

Ukrainian Foreign Minister: Ukraine will not steal money from American taxpayers.

According to CNN: A U.S. House of Representatives panel will vote to impeach U.S. Homeland Security Secretary Mayorkas on January 31.

U.S. Treasury yields continue to rise, with the 10-year U.S. Treasury yield hitting a one-week high of 4.13%.

Ukrainian Foreign Minister: Ukraine has received assurances from the United States that aid is being delivered.

Bank of America CEO: U.S. and EU consumers are in good shape.

Ukrainian Defense Minister: Ukrainian army faces "real and urgent" ammunition shortage.

Sources: Black Sea CPC blended oil exports are set at 5.2 million tons in February and 5.4 million tons are planned for January.