Bailey in focus: GBP/JPY, GBP/SEK top sterling slip
BOE Governor Bailey speaks at 12:15 UTC. Sterling trades softer across the board, with GBP/JPY and GBP/SEK leading the pre-speech losses.
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BOE Governor Bailey speaks at 12:15 UTC. Sterling trades softer across the board, with GBP/JPY and GBP/SEK leading the pre-speech losses.
Crypto leads markets lower as every top faller is a token, while the dollar firms against the euro, pound and Aussie and metals slide.
Bank of England Governor Bailey headlines at 12:15 UTC, bracketed by FOMC's Waller at 08:30 and US jobless claims (200K forecast vs 197K) at 12:30.
US stocks closed higher with the S&P 500 at 7,826 as crude firmed near $100; crypto lagged, with UNIUSD down 5.75% and bitcoin easing to 85,559.
Uniswap led the reaction to the Fed's FOMC Meeting Minutes, with UNIUSD down 0.70%, while Polkadot and The Graph firmed and other majors held.
Crude pushed back toward $100 and the dollar softened into the London close, while UNI led a broadly red crypto board down 5.75%.
FOMC meeting minutes land at 18:00 UTC, giving markets the full debate behind the last Fed decision as dollar-quoted crypto pairs trade lower, led by UNI.
The Nikkei leads the open at 70,824.86, up 1.21% and 47.93% on the year, as the dollar softens across the majors and crypto turns broadly red.
The Fed's FOMC meeting minutes at 18:00 UTC headline the next 24 hours, preceded by a scheduled address from President Trump at 17:00 β both USD events.
US stocks closed firmer β S&P 500 +0.58%, Nasdaq 100 +0.64% β as Cardano led crypto gainers while crude oil slid over 1.5% into the New York close.
Oil fell nearly 2% as European equities split β IBEX +1.03%, CAC -0.84% β while crypto stretched to extremes: Cardano +3.51%, Stellar -3.61%.
Canada's Ivey PMI is due at 14:00 UTC with a forecast of 65.2 versus 64.3 prior. See how EURCAD, NZDCAD and other CAD pairs are trading now.