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
HIGH IMPACT
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, 15:07 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.
ForexLive
12 Jun 2026, 15:04 GMT
HIGH IMPACT
Prior was 48.2Current conditions 48.4 vs 46.2 expected (prior was 45.8)Expectations 49.3 vs 44.3 expected (prior was 44.1)1-year inflation 4.6% vs 4.8% prior5-year inflation 3.4% vs 3.9% priorI don't know why anyone cares about this report at this point. It's been in the doldrums forever and hasn't predicted any slowdown in consumer spending. It's highly split on political lines and it tripped up the FOMC a few years ago with an illusory jump in inflation expectations that was revised away short...
FXStreet Forex
12 Jun 2026, 14:50 GMT
MEDIUM IMPACT
Brown Brothers Harriman’s Elias Haddad says GBP/USD has given back part of its US-Iran-related gains and is expected to fall to 1.3100 as United States (US) growth outpaces the United Kingdom (UK).
ForexLive
12 Jun 2026, 14:47 GMT
MEDIUM IMPACT
The Iran peace trade is fading today after Trump wrote:The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith. AMAZING! Also, their totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY U...
FXStreet Forex
12 Jun 2026, 14:38 GMT
HIGH IMPACT
National Bank of Canada (NBC) strategists assess how Kevin Warsh may reshape Federal Reserve (Fed) policy.
FXStreet Forex
12 Jun 2026, 13:15 GMT
HIGH IMPACT
Commerzbank’s Bernd Weidensteiner and Christoph Balz argue that Kevin Warsh’s first Federal Reserve meeting is unlikely to deliver an immediate rate cut, given elevated PCE inflation and a still‑solid labor market.
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.
FXStreet Forex
12 Jun 2026, 12:53 GMT
HIGH IMPACT
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee argue that firmer US inflation and resilient labour markets underpin a higher-for-longer global rates backdrop, supporting the US Dollar.
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
HIGH IMPACT
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, 12:07 GMT
MEDIUM IMPACT
Nordea’s Jan von Gerich expects Kevin Warsh’s first FOMC meeting on 17 June to deliver a more neutral policy stance, with earlier projected rate cuts likely removed from the dot plot and some hike calls appearing.
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.
FXStreet Forex
12 Jun 2026, 09:24 GMT
MEDIUM IMPACT
Nomura’s Dominic Bunning and colleagues note that while the Dollar bull case remains supported by strong US data, higher Fed rate expectations and robust US equities, historical patterns around US data surprises point to downside risks for USD over the next few months.
