Bank of England Review – On Hold as Hawkish Arguments Remain Scarce.The Bank of England (BoE) kept Bank Rate unchanged at 3.75% as widely expected. The decision was taken with a 7-2 vote, with Pill and now also Greene voting for a hike to “insure against the possibility of larger second-round effects”.

The Pound: A More Challenging Task for the BoE.The US dollar recorded its best daily performance since early March, thanks to a hawkish surprise from the Fed. Nine FOMC members indicated in their forecasts that one or more federal funds rate hikes would occur in 2026.

Bloomberg reports that Kuwait is boosting oil output. Crude oil tests key 200 day MA.Crude oil has slipped back below the $74.00 level, trading at $73.94 and down roughly $2.00 on the day. The decline extended to a session low of $73.42, bringing the price into a test of the 200-day moving average at $73.58.

Norwegian Krone: August hike prospects rise – Nomura.Norwegian Krone: August hike prospects rise – Nomura

US Initial Jobless Claims Beat Expectations, Continuing Claims Edge Higher.US initial jobless claims fell by -4k to 226k in the week ending June 13, coming in below expectations of 232k and suggesting layoffs remain relatively subdued. However, the underlying trend was somewhat less encouraging.

ECB's Lane says further rate hikes remain justified even under milder outlook.ECB's Lane says further rate hikes remain justified even under milder outlook

Czech central bank delivers first rate hike in four years.The Czech National Bank (CNB) raised interest rates on Thursday, as expected, for the first time in four years to get ahead of inflationary pressures ​coming from fast-growing wages, the services sector and the impact of the Iran war.

Brazil still has room for more interest rate cuts, says finance minister.Brazil's Finance Minister Dario Durigan said ​on Thursday that there was still room ‌for further interest rate cuts in Brazil, but emphasized that it was the central bank's prerogative.

United States Initial Jobless Claims dropped to 226K last week.United States Initial Jobless Claims dropped to 226K last week

Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD.Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD

US June Philly Fed business index 10.3 versus 10.0 estimate.The Philadelphia Fed Manufacturing Survey, also known as the Philly Fed Index, is one of the earliest monthly indicators of manufacturing sector health in the United States. Published by the Federal Reserve Bank of Philadelphia, it surveys manufacturers in the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware.

Canada May PPI +1.2% m/m vs +1.8% expected.StatCan says: "The PPI increased 1.2% month over month in May, marking its fifth consecutive monthly increase. Disruptions to shipping through the Strait of Hormuz continued to affect global commodity markets in May, reflecting impacts on crude oil costs and supply chains since March of this year.

Rate hikes are on for the G10 economies.The agreement between the United States and Iran to end their war, and the subsequent fall in oil prices, are good news for central bankers worried that high energy costs will spill over into ​broader price pressures.

Mexico Private Spending (YoY): 2.2% (1Q) vs previous 4%.Mexico Private Spending (YoY): 2.2% (1Q) vs previous 4%

NZD/USD, AUD/USD and USD/JPY Forecasts – US Dollar Vying to Rally on Thursday.The US dollar is looking to rally on Thursday, as traders continue to measure risk appetite in general.

Mexico Private Spending (QoQ) fell from previous 1% to -0.8% in 1Q.Mexico Private Spending (QoQ) fell from previous 1% to -0.8% in 1Q

UK Pound hits two-month low as dollar surges and BoE holds rates.The British pound has fallen to its lowest point in two months. This happened as the US dollar strengthened due to expectations of interest rate hikes in America.

investingLive European FX news wrap: SNB and BoE steady; US dollar extends gains.It's been a pretty calm session in terms of data and news releases. The UK employment report was better than expected with a tick lower in the unemployment rate and stronger wage growth.

Crude Oil –18.06.2026.Crude Oil managed to re-test the resistance of 79.20 yesterday before the market dropped as the deal to end the war between Iran and US is still valid. Targets are still towards pre-war levels around the 68.00 zone.

USD/JPY –18.06.2026.USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen. So, the continued movement below this level could threaten a drop towards 157.00-50 and 152.00.

Euro area: ECB hikes see limited regional follow-through – BNY.Euro area: ECB hikes see limited regional follow-through – BNY

VIEW Bank of England leaves rates on hold, sterling falls.The Bank of England kept interest rates steady at 3.75% on Thursday, as it has since the start of the U.S.-Iran war, judging it would be premature to raise rates now given the unclear strength of increased inflation pressures.

-Bank of England policymakers set out views on rates outlook in minutes of June meeting./ParagraphParagraph xml:space="preserve" LONDON, June 18 (Reuters) - The Bank of England left interest rates on hold at 3.75% on Thursday after a split 7-2 vote by its Monetary Policy Committee./ParagraphParagraph xml:space="preserve" Below are key excerpts from comments ​by individual members of the MPC about their latest decision.

BoE Holds at 3.75%, But 7-2 Vote Keeps Rate Hike Risk Alive.The Bank of England left Bank Rate unchanged at 3.75%, as widely expected, but the vote split and accompanying statement underscored that the debate within the Monetary Policy Committee remains firmly tilted toward inflation risks. The MPC voted 7-2 to keep rates unchanged, with Megan Greene and Huw Pill preferring an immediate 25 basis point increase to 4.0%.

Bank of England votes 7-2 to keep rates at 3.75%.The BoE's approach contrasts with those of the European Central Bank and Bank of Japan and projections from the U.S. Federal Reserve.

United Kingdom BoE MPC Vote Rate Unchanged in line with expectations (7).United Kingdom BoE MPC Vote Rate Unchanged in line with expectations (7)

United Kingdom BoE MPC Vote Rate Hike in line with forecasts (2).United Kingdom BoE MPC Vote Rate Hike in line with forecasts (2)

Morning Bid: Kevin who? MoU trumps Fed.What matters in U.S. and global markets today

Rupee posts longest winning run in a year on exporter flows, bank dollar sales.The Indian rupee strengthened against the U.S. dollar for the fifth day straight, marking its longest rally in a year. Lenders and exporters aggressively reduced their dollar holdings.

Bitcoin at $64K: Sell-Off Triggered by Hawkish Comments from the New Fed Chair.The crypto market capitalisation fell 2.6% over the day to $2.2T, following a global sell-off of risky assets triggered by hawkish comments from the new Fed Chair, Warsh. However, after the initial sell-off, buyers appear to be returning to the markets, in line with a recovery in risk appetite in the equity market.