FXStreet Forex
12 Jun 2026, 16:48 GMT
HIGH IMPACT
The Pound Sterling turned negative on Friday against the US Dollar after data from the UK showed the economy contracted in April, while an agreement between the US and Iran improved risk appetite. Yet the Greenback erased its earlier losses and traded above its opening price.
FXStreet Forex
12 Jun 2026, 16:03 GMT
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Scotiabank strategists Shaun Osborne and Eric Theoret note that the British Pound (GBP) is consolidating recent gains around 1.3400, with domestic risk elevated ahead of next week’s CPI, labour data and the Bank of England decision.
FXStreet Forex
12 Jun 2026, 15:54 GMT
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EUR/GBP holds firm on Friday, with the Euro (EUR) modestly outperforming the British Pound (GBP) as weak UK Gross Domestic Product (GDP) data reinforced signs of a slowing economy. At the time of writing, the cross trades around 0.8633, up from an intraday low of 0.8625.
FXStreet Forex
12 Jun 2026, 15:23 GMT
MEDIUM IMPACT
Nomura’s European Economics team, led by Andrzej Szczepaniak and colleagues, notes that the ECB delivered a 25bp hike to a 2.25% depo rate and unveiled more hawkish forecasts.
FXStreet Forex
12 Jun 2026, 15:07 GMT
HIGH IMPACT
TD Securities economists expect the Bank of England (BoE) to keep Bank Rate at 3.75% with a 7-2 vote as Greene joins Pill in calling for a hike. They highlight persistent inflation pressures, upside risks from energy and airfare, and softer demand.
FXStreet Forex
12 Jun 2026, 13:45 GMT
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Nordea’s Jan von Gerich highlights that the ECB delivered a widely expected 25bp hike and is likely to continue tightening, with the next move expected in July. He argues that broadening inflation pressures mean lower energy prices alone will not ease ECB concerns.
FXStreet Forex
12 Jun 2026, 13:03 GMT
HIGH IMPACT
Nomura’s Global FX Strategy team, including Dominic Bunning and Yusuke Miyairi, argues that a more hawkish ECB path versus the Bank of England should support the Euro against the Pound.
ForexLive
12 Jun 2026, 12:41 GMT
MEDIUM IMPACT
Headlines:Iran will not restore Strait of Hormuz status to pre-war level - IRNAThe US-Iran MoU could be signed as soon as Sunday in Geneva - BBGHere is what the US-Iran deal looks set to be like after another TACO momentIran media says that memorandum of understanding draft still not yet finalisedOil prices plunge after Iran confirms details of the deal with the USThe countdown continues ahead of the Wall Street open, all eyes on SpaceXECB policymaker Nagel says keeping all options open for July...
FXStreet Forex
12 Jun 2026, 12:19 GMT
HIGH IMPACT
The British Pound (GBP) maintains a moderately positive tone against the US Dollar (USD) on Friday, as investors’ optimism about a US-Iran peace deal has offset rather uninspiring UK data.
ForexLive
12 Jun 2026, 12:16 GMT
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Rate hikes by year-endRBNZ: 65 bps (76% probability of rate hike at the next meeting)BoJ: 46 bps (90% probability of rate hike at the next meeting)ECB: 37 bps (70% probability of no change at the next meeting)BoE: 35 bps (91% probability of no change at the next meeting)BoC: 24 bps (94% probability of no change at the next meeting)Fed: 18 bps (97% probability of no change at the next meeting)RBA: 12 bps (99% probability of no change at the next meeting)SNB: 8 bps (99% probability of no change at...
FXStreet Forex
12 Jun 2026, 11:57 GMT
HIGH IMPACT
Deutsche Bank’s European economists highlight that the ECB delivered its first rate hike since 2023, lifting the deposit rate to 2.25% and pairing it with hawkish messaging from President Lagarde.
FXStreet Forex
12 Jun 2026, 10:16 GMT
MEDIUM IMPACT
Deutsche Bank’s Sanjay Raja expects the Bank of England (BoE) to leave Bank Rate at 3.75% at the June meeting, with a likely 7–2 vote and Huw Pill and Megan Greene backing a hike.
ForexLive
12 Jun 2026, 09:39 GMT
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Full report hereECB's Kocher said yesterday's rate hike is intended to help stabilize inflation as the Middle East conflict continues to push up energy and commodity prices.Kocher warned that rising energy costs are weakening consumer purchasing power, discouraging investment, and increasing the risk of second-round inflation effects. However, he noted that inflation is not expected to return to the extreme levels seen in 2022–2023.He stressed that the key objective is to prevent the current e...
FXStreet Forex
12 Jun 2026, 08:54 GMT
HIGH IMPACT
European Central Bank (ECB) Governing Council member Martin Kocher stated in the European trade on Friday that it is too early to discuss what the central bank will do in the July meeting.
FXStreet Forex
12 Jun 2026, 08:47 GMT
HIGH IMPACT
European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said during the European trade on Friday that the central bank needs to act quickly before inflation starts accelerating further.
