GBP/USD remained pressured Thursday as stronger Dollar and UK political uncertainty offset upbeat data, stabilizing near 1.3520.
Gold slips as stronger dollar, higher yields and tighter Fed bets outweigh geopolitical uncertainty, limiting gains.
UOB warns inflation pressures are broadening, raises 2026 CPI forecasts, with oil risks potentially pushing headline near 5%.
GBP/USD slid to 1.3482 as UK political turmoil, higher gilt yields and stronger dollar pressured markets.
Silver slid 3.2% to $84.70 as yields and dollar rose, amid Fed hawkishness and easing doubts.
Sterling fell despite strong UK GDP; energy shock and Labour leadership uncertainty weighed on yields and sentiment.
Kansas City Fed’s Schmid warns inflation remains top risk; economy resilient, spending and investment strong, banks sound.
EIA reported an 85 bcf U.S. natural gas storage build for week ending May 8, matching forecasts.
TD Securities sees USD range-bound near-term; weaker 2026 outlook; DXY 98 key as Hormuz reopening, Fed hold.
US business inventories rose 0.9% in March, beating the 0.8% forecast and signaling slightly higher stock levels.
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