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🔴 [Quick Facts]:

1. The US imposes 39% tariffs on Switzerland, and Swiss negotiations return empty-handed.

2. Israel warns Britain: Recognizing a Palestinian state could halt security cooperation.

3. Trump signs an order paving the way for cryptocurrencies and other assets in 401(k) plans.

4. Trump nominates White House economic affairs committee chairman Meyran for Fed governor.

5. Timoraus: Stephen Meyran is a strong supporter of Trump's economic agenda.

6. US consumer inflation expectations rose in July, and the labor market outlook improved.

7. Fed Governor Waller emerges as Trump's top candidate to succeed Powell.

8. Poysic urges caution on tariff-induced inflation.

9. The Bank of England cuts interest rates by 25 basis points to 4%, yet the GBP/USD pair rises.