Live Updates

12 May 2025
This week promises extensive UK data releases, according to ING’s commodity specialists Manthey and Patterson

UK jobs data and GDP report to shape outlook; trade deals boost pound, EUR/GBP may decline.

12 May 2025
Lombardelli highlights the need for caution, focusing on wage growth and disinflation amidst trade influences

Wage growth remains elevated, driving BOE’s cautious stance despite disinflation progress and rate cut considerations.

12 May 2025
Société Générale’s analysts observe the USD/CNH faces pressure below 7.28 resistance, risking further declines

USD/CNH struggles below 50-DMA; risk of decline grows if 7.18 support fails to hold further.

12 May 2025
The US Dollar’s short-term outlook improves amidst changing interest rate expectations and better economic prospects

US-China announcement boosts growth outlook; Fed may cut rates less than expected; Dollar strength anticipated.

12 May 2025
As the USD strengthens, GBP/USD sees weak performance, testing crucial support below 1.3200

GBP/USD falls below 1.3200 amid USD strength, trade truce boosts dollar, pressuring currency pair further.

12 May 2025
Bessent stated that trade deals are prioritised by the UK and Switzerland, suggesting potential gains with China

S&P 500 futures rise 2.8% as dollar strengthens; EU progress slows, China trade potential eyed.

12 May 2025
Against the US Dollar, the Pound Sterling falls to around 1.3140, nearing a one-month low

Pound drops to one-month low as US Dollar strengthens on tariff deal; bearish trend develops in GBP/USD.

12 May 2025
Greer and Bessent expressed optimism about US-China relations, citing improved tariffs and better communication

US-China agree on 10% tariffs, ease tensions, boost markets; China acknowledges US fentanyl concerns.

12 May 2025
As Euro declines, EUR/GBP suffers a sixth consecutive loss, nearing 0.8415 amid trade discussion slowdown

EUR/GBP drops amid Euro weakness; US-China tariff pause boosts Dollar, UK trade wins lift Pound.

12 May 2025
Bessent indicated an agreement with China involves a 90-day tariff reduction and ongoing discussions

China and the US agreed to a 90-day pause, aiming for balanced trade and continued negotiations.

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