Region: Europe

German manufacturing falls deeper into recession, weak PMI puts the spotlight on PCE, and strong pound to falter as recession fears rise.

Pound drops after BoE hike again, dollar supported by hawkish Fed chair, and the euro reverses from six-week high.

13th BoE hike due; 25 or 50 basis points? Powell pushing for more hikes and EUR/USD below $1.10 as stocks turn south.

UK inflation above forecasts for fourth month running, strong data before Powell’s testimony, and the euro stalls despite pricing of 4% terminal rate.

Proud pound awaits inflation data, the euro shrugs off cooling German producer prices, and Inertia of FX could further hurt JPY.

The new central bank hierarchy, US recession probability splits asset classes, and the BoE is unlikely to push back against rate expectations.