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Euro Rallies Against Pound After BoE Holds Rates
The Euro strengthened against the British Pound after the Bank of England left interest rates unchanged, extending its recovery.
BoE Holds Rate at 3.75% as MPC More United, Says Deutsche Bank
Deutsche Bank's Chief UK Economist Sanjay Raja notes the Bank of England kept Bank Rate at 3.75% as expected, with a more divided MPC on paper but a stronger consensus to hold, citing improved data and lower inflation.
GBP/USD Hits Two-Month Low Below 1.3220 After BoE Holds Rates
The British Pound fell to a fresh two-month low near 1.3200 against the US Dollar after the Bank of England left interest rates unchanged.
Rabobank: Euro Recovery Seen but Forecasts Below Consensus
Rabobank's FX Strategy report notes that the euro played a key role in last year's EUR/USD rally, supported by Germany's looser debt brake and improved European growth outlook, but their forecasts remain below consensus.
Dollar Index Recoupling with Rates, Says Societe Generale
Societe Generale's Kit Juckes notes the Dollar Index is closely tracking EUR/USD, and highlights how President Trump's policies have weakened the Dollar relative to economic and monetary fundamentals.
Norges Bank Hawkish Hold Bolsters Norwegian Krone, BBH Says
Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but reinforced guidance for a future hike, supporting the Norwegian Krone.
Societe Generale: EUR/USD Mirrors Dollar Index Movements
Societe Generale's Kit Juckes notes that EUR/USD closely tracks the Dollar Index, highlighting the dollar's past weakness under Trump and its current alignment with relative interest rates.
SNB Keeps Rates Unchanged at 0.00%, Franc Under Pressure – BBH
The Swiss National Bank held its policy rate at 0.00% for the fourth consecutive meeting. Brown Brothers Harriman notes the neutral stance continues to weigh on the Swiss Franc.
Rabobank: Dollar Support from Haven Demand and Fed Shift
Rabobank's FX Strategy team notes the U.S. Dollar has recently been supported by safe-haven demand and shifting expectations for Federal Reserve policy, testing its haven status.
EUR/GBP Breaks Out of Bullish Flag, Targets 0.8683 and Beyond
EUR/GBP has broken out of a bullish flag pattern, with traders eyeing a potential move higher against the Pound. Key levels include an initial target of 0.8683 and an extension zone near 0.8720.
EUR/GBP Breaks Out of Bullish Flag; Traders Eye 0.8683 First Target
EUR/GBP has broken out of a bullish flag pattern, signaling a potential move higher against the Pound. Key levels to watch include first target 0.8683 and extension zone 0.8720, with support at 0.8629 and invalidation at 0.8618.
Bar for Further USD Gains 'High' After Fed's Hawkish Turn
The dollar rallied after the Fed's hawkish turn, with policymakers emphasizing price stability and a more aggressive dot plot shift, reinforcing the case for higher rates.
SNB Holds Rates as Swiss Inflation Stays Benign
The Swiss National Bank kept interest rates unchanged at its June meeting, citing inflation that remains within its target range despite a recent uptick to 0.6% in May from 0.1% in February.
Markets Digest Warsh Comments and Trump Deal Ahead of BOE Meeting
Central bank rate decisions this session held no surprises. Focus shifts to the upcoming BOE MPC meeting as markets continue to digest Kevin Warsh's policy views and Trump's trade deal developments.
NZD/USD dips as hawkish Fed outweighs NZ growth data
The New Zealand Dollar edged lower against the USD on Thursday despite strong domestic economic data, as hawkish Fed expectations continued to support the greenback.
Silver Rises to $68.29 per Troy Ounce on Thursday
Silver (XAG/USD) rose to $68.29 per troy ounce on Thursday, up 1.34% from the previous day's $67.39, according to FXStreet data.
ING Sees EUR/USD Summer Floor at 1.14-1.15 After Fed
ING FX strategist Chris Turner says EUR/USD's test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14-1.15 acting as the summer range floor based on the view that the Fed won't tighten further.
AUD/USD Holds Gains Around 0.7010 on Hawkish RBA Sentiment
The Australian Dollar is trading higher against the US Dollar on Thursday, with AUD/USD hovering near 0.7010 as hawkish expectations around the Reserve Bank of Australia support the currency.
Euro stays capped below 1.1525 as post-Fed USD strength persists
The Euro is trading nearly flat against the US Dollar on Thursday at 1.1504, failing to break above the 1.1525 resistance as the Dollar remains supported after the latest Federal Reserve decisions.
Fed Hawkish Shift Lifts Dollar Above 100, MUFG Says
MUFG analyst Lee Hardman notes the Fed's latest policy update has lifted US rates and supported the Dollar, pushing the Dollar Index back above 100.00 as markets price in multiple rate hikes.
BoE Expected to Hold Rates, Hawkish Tone May Not Support Sterling – ING
ING's Chris Turner predicts the Bank of England will leave rates unchanged in a 7-2 vote with a hawkish bias, but sees UK inflation peaking near 3.5% without spurring further tightening, a view that keeps sterling under pressure.
BoE Expected to Hold Rates, No Cut Until 2027
The Bank of England is expected to keep rates unchanged at its meeting today, with markets pricing only one rate cut by April 2027 and virtually no chance of a hike.
GBP/USD Stays Near April Lows as Traders Eye BoE Meeting
The pound sterling showed little reaction to weaker-than-expected UK inflation data, with traders adopting a wait-and-see stance ahead of upcoming labour market statistics and the Bank of England meeting.
Dollar Holds Gains After Fed's Hawkish Shift – ING
The US Dollar is maintaining its gains following a hawkish turn by the Federal Reserve under Chair Kevin Warsh, with markets now pricing ~44 basis points of tightening by Q2, according to ING's Chris Turner.