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Mexico Retail Sales (MoM): -0.6% (May) vs previous 0.8%
Mexico Retail Sales (MoM): -0.6% (May) vs previous 0.8%
Mexico Retail Sales (YoY) fell from previous 4.4% to 1.6% in May
Mexico Retail Sales (YoY) fell from previous 4.4% to 1.6% in May
Turkish Lira: Rising inflation expectations pressure TRY – Commerzbank
Tatha Ghose at Commerzbank highlights that Turkey’s market-based inflation expectations for 2026 and 12 months ahead have risen again, undermining confidence in disinflation.
British Pound extends losses nearing 1.3400 as markets await Burnham’s policies
The British Pound (GBP) is one of the weakest performers among major currencies, extending its reversal against the US Dollar for the fourth consecutive week.
163.00: Why the Japanese Yen is close to year-to-date lows again
The Japanese Yen (JPY) continues to trade on the defensive against the US Dollar (USD), lingering near year-to-date highs just below the 163.00 handle.
Canadian Dollar: Tariffs and soft CPI pressure Loonie – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Canadian Dollar (CAD) is underperforming other high-beta currencies after the Trump administration announced a 50% tariff on nearly $20 billion of Canadian imports, excluding energy and some key goods.
British Pound loses momentum as fiscal and monetary headwinds mount
The British Pound (GBP) is facing a notable loss of upward momentum across major currency pairs as UK political headlines and fiscal concerns re-emerge.Â
Hungarian Forint: NBH easing path and FX pressure – ING
ING’s Frantisek Taborsky expects the National Bank of Hungary (NBH) to cut rates by 25bp to 5.75%, continuing its easing cycle despite recent FX and rates pressure.
Australian Dollar hits fresh monthly highs above 0.7020 as risk aversion ebbs
The Australian Dollar (AUD) is showing one of the best performances among major currencies on Tuesday, appreciating to fresh one-month highs against the US Dollar, amid hopes of a ceasefire in Iran.
British Pound: CPI focus supports Sterling against US Dollar – Societe Generale
Societe Generale strategists note that dip buying in Sterling has kept GBP/USD trading above its 200-day moving average near 1.3403, even as Gilts remain under pressure.
Hungarian Forint: MNB easing on lower inflation – Commerzbank
Commerzbank’s Tatha Ghose expects the central bank of Hungary Magyar Nemzeti Bank (MNB) to cut its base rate by 25bp to 5.75%, continuing June’s easing cycle.
Czech Koruna: CNB stance supports CZK against Euro – ING
EMEA (Europe, the Middle East, and Africa) strategist Frantisek Taborsky at ING says regional data in Poland and the Czech Republic are constructive, but Central and Eastern European (CEE) FX remains driven by US–Iran tensions and Oil prices.
GBP/USD Price Forecast: Tests nine-day EMA support near 1.3400
GBP/USD remains weaker for the fourth consecutive day, trading around 1.3430 during the European hours on Tuesday. The technical analysis of the daily chart indicates a prevailing bullish bias as the pair remains within the ascending channel.