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Live Updates

21

May 2026
Hungarian Forint Faces Depreciation as Government Prioritises Lower Yields Ahead of MNB Decision

Post-election Hungarian positions look stretched; markets await MNB decision as government targets cheaper debt, not forint strength.

21

May 2026
Euro and sterling slip as US yields and energy prices widen transatlantic rate gap

Euro and sterling down 0.9% versus dollar as energy prices, yield gaps, and Fed expectations shift.

21

May 2026
USD/JPY hovers near 159 as PMI weakens and intervention threat caps gains at 160

USD/JPY nears 159 as intervention risk looms; softer PMI contrasts with rising BoJ hike expectations.

21

May 2026
Eurozone Consumer Confidence Beats Forecast, Easing ECB Rate-Cut Prospects and Supporting Euro, Equities

Eurozone consumer confidence beat forecasts in May, improving to -19 versus expectations of -20.8.

21

May 2026
US flash PMI holds steady as manufacturing outperforms and services soften, raising Fed policy questions

May flash US Composite PMI held at 51.7; manufacturing surged, services softened, indicating slower overall growth.

21

May 2026
UK targets cost-of-living relief as PMI contracts, raising stagflation fears for sterling and gilts

UK unveils targeted cost-of-living aid as PMI contracts; job losses mount, confidence sinks, raising recession risks.

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