Monthly Archives: May 2026
Sterling slides towards 1.3500 as US inflation lifts Fed hike bets, UK GDP awaited
Written on May 13, 2026 at 3:26 pm, by josephine
GBP/USD slid near 1.3500 as firm dollar, hotter US CPI and Fed hike odds weighed; UK GDP awaited.
India hikes gold and silver import tariffs to 15% to rein in deficit and support rupee
Written on May 13, 2026 at 3:23 pm, by josephine
India raised gold and silver import tariffs to 15% from May 13, 2026, to curb imports.
Reuters poll shows economists eye June ECB rate rise, with further 2026 hikes increasingly priced
Written on May 13, 2026 at 2:01 pm, by josephine
Reuters poll: most economists expect ECB to raise deposit rate 25 bps to 2.25% in June.
Euro slips below 0.8650 versus sterling as soft Eurozone data weighs, outlook turns supportive
Written on May 13, 2026 at 1:58 pm, by josephine
Euro weakens versus sterling near 0.8650 after soft Eurozone GDP, production; UK politics tense, GDP awaited.
Rupee holds near record low as India hikes gold duties and oil, US inflation support dollar
Written on May 13, 2026 at 1:56 pm, by josephine
Rupee stays flat near record 95.70 as India hikes gold duties; oil, inflation strengthen dollar.
Silver eases after year-to-date surge as solar demand and Fed rate-cut bets support prices
Written on May 13, 2026 at 1:53 pm, by josephine
Silver slips to $86.28/oz; up 21% YTD as Gold/Silver ratio edges lower amid demand factors.
Australian dollar steadies near $0.7240 as budget boosts RBA hike bets, US-China talks loom
Written on May 13, 2026 at 12:55 pm, by josephine
Australian Dollar climbed as markets bet on RBA rate hike after budget; US-China meeting watched closely.
India’s April inflation undershoots forecasts as food prices rise and RBI easing looks set to fade
Written on May 13, 2026 at 12:53 pm, by josephine
India’s April CPI rose 3.5%, undershooting forecasts; food inflation climbed, while core prices held steady.
Gold steadies near $4,950 as rate-cut bets and geopolitical risks lift appetite for bullion
Written on May 13, 2026 at 12:26 pm, by josephine
Gold hovers near $4,700; stronger dollar, rising yields, and geopolitical tensions pressure prices as traders await data.
GBP/USD Selling Eases as Starmer Leadership Jitters Persist; Traders Eye 1.3482 Support
Written on May 13, 2026 at 12:23 pm, by josephine
GBP/USD selling eases; Starmer leadership challenge risk persists. SocGen sees support 1.3482/1.3420, resistance 1.3660.
