Region: Europe

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.

Lagarde has convinced investors of a July hike, mixed data leaves another Fed hike on the table, and the pound benefiting from monetary divergence.

Fed pauses, but promises more rate hikes. China going against the monetary tide, and the dollar not as weak as expected.

Disinflation to cause the Fed to pause, euro needs more than a cautious Fed, and the UK economy expands in April but trend less clear.

Weaker inflation weighing on the dollar, hot labor market pushes pound higher, the PBoC is coming to the Euro’s rescue.