Good Morning Traders! Half way through the week now, we get the BoE Quarterly Bulletin.
Here is what else to anticipate.
Sentiment
Australia's inflation decreased faster than anticipated in May, supporting the Reserve Bank's decision to halt its 14-month cycle of tightening and causing the AUD to decline.
After Japan's top currency official Masato Kanda indicated that authorities will take action if there are excessive FX moves, the yen's slide towards 145 per dollar reversed.
In a warning that it might not yet be prepared to draw a line in the sand for the declining currency, China withdrew its support for the yuan for a third day, setting off fresh drops.
Beijing ridiculed the term as no different from decoupling when the US originally embraced "de-risking" to get Europe on board with steps to deny China access to crucial technologies. They are now attempting a new tactic: redefinition of the idea.
Docket
02:00 AM ET
German GfK Consumer Sentiment
Median forecast -23 | Prior -24.2
08:00 AM ET
BoE Quarterly Bulletin (Tentative)
Speakers
05:25 AM ET
BoE's Cleland Speaks
06:30 AM ET
BoE's Pill Speaks
Good Luck Today Traders!
