BONK/USDT Exchange rate

The Bank of England (BoE) is widely expected to maintain the bank rate at 4.25% after the June meeting. The language used in the policy statement and the vote split could influence Pound Sterling's valuation in the absence of a press conference.

EUR/USD holds the decline below 1.1500 in European trading on Thursday. The US Dollar holds the fort against the Euro amid a risk-off mood, fuelled by rising geopolitical tensions in the Middle East. Traders assess the latest ECB-speak amid thin trading conditions due to Juneteenth holiday in the US. 

Gold price reverses an early European session dip to a one-week low and currently trades around the $3,366-3,367 area, nearly unchanged for the day amid mixed fundamental cues. The Federal Reserve's hawkish pause on Wednesday assists the US Dollar to build on its recent recovery from a three-year low and contributes to the non-yielding yellow metal's intraday slide.

Bitcoin price finds support around the 50-day EMA at $103,100; a decisive close below this level could trigger a sharp correction. Reports that US officials are preparing for a strike on Iran in the coming days could further weigh on sentiment.

Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.