EUR/USD
1.12531
0.245%
Gold
3328.06
0.671%
Oil
60.303
0.634%
USD/JPY
145.199
-0.498%
GBP/USD
1.32639
0.142%
GBP/JPY
192.596
-0.324%
Real-time News
The European Central Bank and the Swiss National Bank are expected to cut interest rates again in June, and the pound will benefit if the Bank of England chooses to stay put next month. The probability of a Bank of England rate cut on June 19 is currently 20%, compared to 55% before the Bank of Englands relatively hawkish rate cut on Thursday. The Bank of England maintained a "gradual and cautious" attitude towards further rate cuts on Thursday, which was a blow to doves who wanted the Bank of England to signal faster rate cuts.Torsten Slok, partner and chief economist at Apollo Global Management, said on May 9 that the new tariff policy puts the Federal Reserve in an "extremely difficult position" and that inflation and unemployment are expected to rise simultaneously. Normally, rising inflation should be accompanied by falling unemployment, but we are currently experiencing a stagflation shock, and the trade war has hit the US economy hard with the double blow of rising commodity prices and weak sales. Slok warned that the current trade policy may put the United States in an "active trade reset recession" and that the adjustments required for the US economy will be so large that it will inevitably lead to a recession.ECB President Rehn: The risks identified in March have largely become a reality.ECB board member Rehn: If forecasts are confirmed, a rate cut in June would be the right move.U.S. short-term Treasury yields rose in early trading to their highest level since mid-April.
