Live Updates

2

May 2026
During Europe’s session, Sterling slips slightly versus major peers, trading near 1.3590 against the US Dollar

Sterling dipped near 1.3590, but stayed firm as investors expect Bank of England rate hikes soon.

2

May 2026
Cleveland Fed President Beth Hammack dissented, arguing rising economic and policy uncertainty makes an easing bias inappropriate

Cleveland Fed’s Hammack dissented, saying easing bias is outdated as inflation risks rise amid resilient economy.

2

May 2026
Iran, via Pakistani mediators, reportedly delivered Washington a fresh peace plan and amendments response, citing sources

Iran proposed ending war, responding to US amendments via Pakistan; dollar fell, futures mixed after headline.

2

May 2026
Kashkari dissented over Hormuz-related uncertainty, urging the Fed’s statement to flag potential successive rate hikes

Kashkari dissented, urging Fed highlight Hormuz risks: price shocks could raise expectations, forcing hikes or holding rates.

2

May 2026
Huw Pill urged quicker action on fresh inflation pressures, viewing tighter financial conditions as appropriate response

BoE economist Huw Pill backs tighter conditions, urges rate flexibility, warns disinflation may stall amid Iran-war inflation risks.

2

May 2026
US ISM’s April Manufacturing PMI releases at 14:00 GMT, potentially influencing EUR/USD volatility and direction

April US ISM Manufacturing PMI expected 53.0; markets watch prices, jobs, Fed rate outlook and EUR/USD levels.

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