Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• Last week marked a significant shift for markets …
• The focus was on monetary policy as the BoJ hiked rates while the Fed and BoE left policy on hold …
• The tone of the Fed meeting was hawkish, which saw US market rate expectations firm …
• Brent crude oil now prices at just below $80 per barrel …
• Currency-wise, the dollar was in the ascendancy and the sterling on the defensive …
• EUR/USD opens today back at the midpoint of the $1.14-1.15 band …
• GBP/USD is operating down at the $1.32 threshold …
• EUR/GBP is in the upper region of the 86-87p trading band …
• Turning to the week ahead, the main release will be the flash PMIs for June in the main economies …
• Additionally, rumours are rife that PM Starmer may step-down later today …

All rates quoted are indicative market rates.