USD: US stocks soar

Wall Street stocks hit a fresh record high on Monday as Big Tech names made significant gains. The benchmark S&P 500 added 0.8%, Nasdaq added 1%, while Apple added just under 2% and Microsoft rose 1.3%.


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Quiet Monday sees marginal losses for sterling

The pound ended Monday marginally lower against the euro and remained largely unchanged against USD. Wages in the euro area grew by 5.3% year-on-year in the first quarter of 2024 following an upwardly revised 3.2% increase in the previous period. This marked the...


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GBP: Bank of England set to hold rates

The Bank of England is expected to hold interest rates in its June meeting, however, investors believe there is still time for inflation to rock the boat, should tomorrow’s inflation reading not match expectations. Headline inflation is currently at 2.3% and markets...


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USD: Surprise dip

The University of Michigan’s preliminary study for June found an unexpected dip in consumer confidence. June’s first estimate came in at 65.6, below May’s 69.1 and well shy of forecasts of 72. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To   For...


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