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British Pound: Outlook shifts from bearish to neutral – OCBC
OCBC's strategists Sim Moh Siong and Christopher Wong shift their British Pound (GBP) view from bearish to neutral, citing easing fiscal concerns and attractive carry that have helped GBP recover from early May losses.
GBP/USD
EUR/GBP
Fxstreet
Tue, Jun 2
Spain 6-Month Letras Auction increased to 2.376% from previous 2.357%
Spain 6-Month Letras Auction increased to 2.376% from previous 2.357%
Fxstreet
Tue, Jun 2
Polish Zloty: NBP seen on extended hold – Societe Generale
Societe Generale analysts expect the National Bank of Poland (NBP) to keep its policy rate unchanged at 3.75%, with a status quo stance likely through the second half of 2026 and early 2027. Inflation is currently within target, while growth has improved.
EUR/PLN
Fxstreet
Tue, Jun 2
Spain 12-Month Letras Auction declined to 2.543% from previous 2.635%
Spain 12-Month Letras Auction declined to 2.543% from previous 2.635%
Fxstreet
Tue, Jun 2
British Pound holds gains as US Dollar weakens on easing risk aversion
GBP/USD gains ground after registering minor losses in the previous day, trading around 1.3470 during the European hours on Tuesday. The pair appreciates as the US Dollar (USD) loses ground on easing risk aversion due to a partial ceasefire between Hezbollah and Israel.
GBP/USD
Fxstreet
Tue, Jun 2
European Parliament moves to cut US tariffs, averting a trade clash
European Parliament's trade committee announces that it has voted in favor of legislation to remove European Union (EU) duties on many United States (US) goods imports.
EUR/USD
Fxstreet
Tue, Jun 2
Euro: Range trading persists against US Dollar as ECB turns hawkish – DBS
DBS Group Research’s Philip Wee notes that the Euro (EUR) remains trapped in a range against the US Dollar (USD) as markets focus on the June FOMC and ECB meetings. The European Central Bank is expected to deliver a 25 bps ‘insurance’ hike and upgrade its inflation outlook.
EUR/USD
Fxstreet
Tue, Jun 2
United Kingdom M4 Money Supply (YoY) increased to 4.5% in April from previous 4.3%
United Kingdom M4 Money Supply (YoY) increased to 4.5% in April from previous 4.3%
Fxstreet
Tue, Jun 2
United Kingdom Net Lending to Individuals (MoM) came in at £6.2B below forecasts (£7.1B) in April
United Kingdom Net Lending to Individuals (MoM) came in at £6.2B below forecasts (£7.1B) in April
Fxstreet
Tue, Jun 2
United Kingdom M4 Money Supply (MoM) came in at 0.2% below forecasts (0.6%) in April
United Kingdom M4 Money Supply (MoM) came in at 0.2% below forecasts (0.6%) in April
Fxstreet
Tue, Jun 2
United Kingdom Mortgage Approvals above expectations (61.7K) in April: Actual (65.94K)
United Kingdom Mortgage Approvals above expectations (61.7K) in April: Actual (65.94K)
Fxstreet
Tue, Jun 2
United Kingdom Consumer Credit came in at £1.859B, above forecasts (£1.7B) in April
United Kingdom Consumer Credit came in at £1.859B, above forecasts (£1.7B) in April
Fxstreet
Tue, Jun 2
Euro area: Inflation pressures complicate ECB path – Rabobank
Rabobank’s Senior Market Strategist Stefan Koopman argues that higher energy and raw material costs, along with supply chain delays, are set to lift Euro area goods inflation in coming months.
Fxstreet
Tue, Jun 2
Greece S&P Global Manufacturing PMI rose from previous 52.4 to 53.3 in May
Greece S&P Global Manufacturing PMI rose from previous 52.4 to 53.3 in May
Fxstreet
Tue, Jun 2
BoJ discusses various options about bond buying or tapering with investors
There seems to be no immediate impact of the release of the BoJ summary of the meeting with investors on the Japanese Yen (JPY). As of writing, USD/JPY trades flat at around 159.70.
Fxstreet
Tue, Jun 2
US Dollar: Firm rangebound profile and oil link – OCBC
OCBC's strategists Sim Moh Siong and Christopher Wong keep a neutral stance on the US Dollar (USD), expecting a firm but rangebound USD profile as resilient US growth and sticky inflation support the currency.
US Dollar Index
Brent
Fxstreet
Tue, Jun 2
Euro strengthens against Japanese Yen ahead of Eurozone HICP inflation data
EUR/JPY rises after a flat previous day, trading around 186.00 during the early European hours on Tuesday.
EUR/JPY
Fxstreet
Tue, Jun 2
Euro: Softer against US Dollar as yields climb – Danske Bank
Danske Research Team reports that EUR/USD declined as higher Oil prices lifted US and European yields. They note that 2-year EUR and USD swap rates rose by up to 6 basis points.
EUR/USD
Fxstreet
Tue, Jun 2
Breaking: Bitcoin loses $70,000 amid institutional weakness
Bitcoin (BTC) price dips below $70,000 on Tuesday, extending the 3% decline from the previous day. Market momentum turned extremely bearish, with Exchange Traded Funds (ETFs) tied to BTC offloading roughly $4 billion since May 15.
Bitcoin
Fxstreet
Tue, Jun 2
Spain Unemployment Change increased to -36.323K in May from previous -62.668K
Spain Unemployment Change increased to -36.323K in May from previous -62.668K
Fxstreet
Tue, Jun 2
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