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The dollar gave back some of its gains last week as a slate of speeches from Fed officials appeared to walk back some of the hawkishness from the June FOMC meeting.

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The pound edged modestly higher verus its peers on Wednesday as investors bet on a potentially hawkish message from the Bank of England this afternoon.

The Bank of England will be announcing its policy decision on Thursday, and while no new projections or Inflation Report will be released, investors will be watching closely.

The Federal Reserve struck a much more hawkish tone than expected last week, sending the US dollar higher against its peers.

The Federal Reserve struck a much more hawkish tone than expected last week, sending the US dollar higher against its peers.

The US dollar soared by 1% against the euro after the Federal Reserve members signalled they see two interest rate hikes before the end of 2...

Thursday’s scorchingly hot US inflation reading for May ensures that this week’s FOMC meeting will come under added scrutiny from investors.

The blow-out inflation report out of the US outshone the ECB June meeting, but the market reaction was counterintuitive, to put it mildly.

Thursday was an eventful day for the FX market but, somewhat surprisingly, most of the major currencies ended London trading not too far from where they began it.