Daily signals

On Friday, the Bank of Japan kept its key interest rate at -0.10% and didn't make any other changes to its current ultra-dovish monetary policy.

Yesterday, the ECB raised its interest rate to 4%, as was expected.

The Cable has come close to its 2023 high.

According to finalised data, Germany's annualised inflation at the end of May slowed to 6.1% from 7.2% in April.

Unexpected decisions by the central banks of Canada and Australia to raise rates prompted many investors to reconsider their expectations that the Fed might pause its rate hikes.

The USD is currently being influenced by investors' perception of whether the Federal Reserve will raise interest rates yet again next week.

Year-to-date, the S&P 500 has risen by 12%.

Since the beginning of the week, Bitcoin has lost over 7%, reaching its lowest point since 17 March 2023.

The UK's composite PMI, released jointly yesterday by the Chartered Institute of Purchasing & Supply (CIPS) and S&P Global, fell in May to 54.

Last month, non-farm payrolls in the United States increased by 339,000, which was significantly higher than expected and good news for the dollar.