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EUR/USD: Next on the upside comes 1.1630
EUR/USD added to the recent recovery and revisited the upper-1.1500s in response to the Fed-induced retracement in the Greenback after M. Bowman signalled a potential interest rate cut at the July meeting The US Dollar, in the meantime, is expected to remain propped up by safe haven inflows in light of increasing jitters in the Middle East.
GBP/USD climbs to daily highs around 1.3480
After bottoming out in multi-week lows near 1.3370, GBP/USD now picks up pace and gains around a cent to hit new daily peaks around 1.3480 in response to fresh selling pressure hitting the Greenback. The knee-jerk in the US Dollar comes despite steady fears on the Iran-Israel-US front and firm results from preliminary US PMIs for the month of June. On the UK docket, all the attention remains on upcoming flash Manufacturing and Services PMIs.
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