EUR/USD

The week so far has been one where pressure has built up on the Bank of England. On Tuesday I looked at the interest-rate increase by Bank Indonesia which was its second in this phase. Today I am expecting an increase closer to home from the European Central Bank or ECB and it may well hint at a further one. So the heat is rising as Bank of England Governor ...

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President Donald Trump’s new Federal Reserve chair, Kevin Warsh, previously argued that the Fed had room to cutinterest rates, a message that made him attractive to a president who has long viewed cuts as a top priority. Only weeks into his role as chair, Warsh is confronting rekindled inflation that may eventually force him to do the opposite on rates, ...

*ECB OFFICIALS SEE NEXT RATE HIKE POSSIBLE AS SOON AS JULY

Working natural gas in storage across the United States increased by 108 billion cubic feet in the week ending June 5, compared to the previous 7-day period, and stood at 2,686 Bcf, the Energy Information Administration (EIA) said in its report on Thursday. Viewed annually, natural gas reserves decreased by 5 Bcf. At the same time, the figure was 151 Bcf ...

LAGARDE: TODAY'S DECISION NOT A FORCEFUL" ONE ECB'S LAGARDE: 25 BPS HIKE IS A SIGNAL AND IS NECESSARY ECB's Lagarde: We have not discussed the neutral rate ECB's Lagarde: We Are Beginning To See Broadening Of Inflation. We Will Be Extremely Attentive ECB President Lagarde (Q&A) states the main risk today would be to not take this sort of decision

LAGARDE: DECISION WAS UNANIMOUS ECB's President Lagarde: There will be no pre-set rate path ECB's Lagarde: Discussion was not at all about insurance hike ECB's President Lagarde: Indirect cost of Iran war also showing up. ECB's Lagarde: If we were not taking this very obvious monetary policy decision, we'd be north of our target at the end of the projection horizon

Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council is committed to setting monetary policy to ensure that inflation stabilises at our two per cent target in the medium term. In line with this commitment, we today decided to raise the three key ECB interest rates by 25 basis points. The war in the Middle East is generating inflation pressures, and the decision to raise rates is robust across a range of scenarios mapping out how the shock might evolve and affect the medium-term outlook for the euro area. In the baseline of the new Eurosystem staff projections, headline inflation is expected to average 3.0 per cent in 2026, 2.3 per cent in 2027 and 2.0 per cent in 2028. For inflation excluding energy and food, the baseline foresees an average of 2.5 per cent in 2026 and 2027 and 2.2 per cent in 2028. Compared with March, staff have revised up their baseline projection for inflation in 2026 and 2027 owing to a higher path for energy prices, which, to some extent, is expected to feed into food, goods and services inflation. The baseline sees economic growth at an average of 0.8 per cent in 2026, 1.2 per cent in 2027 and 1.5 per cent in 2028. This is a downward revision for 2026 and 2027, reflecting a more pronounced impact of the war on commodity markets, real incomes and confidence. The outlook remains unce ECB's President Lagarde: Risks to inflation outlook are to the upside. LAGARDE: FINANCIAL CONDITIONS TIGHTER THAN BEFORE WAR ECB's Pres Lagarde: Wage Trackers Continue to indicate easing labour costs In 2026 - Some Indicators Of Underlying Inflation Have Already Been Driven Higher By Energy Shock - Most Measures Of Longer-Term Expectations Stand At Around 2%

ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on Thursday, 11 June 2026 at 14:45 CEST in Frankfurt am Main.

The Iranian regime will lose the zero-sum game it is playing. Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian Accounts. Any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts.…