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Today, the leading currencies have not demonstrated a great deal of enthusiasm, but yesterday the dollar experienced a slight decrease in trading. This occurred amidst a persistently weak equities market and a corresponding reduction in bond yields during the US trading session.

Throughout the week, a recurring topic has emerged indicating a potential shift towards a risk rotation strategy. This could be due to the movement of funds from stocks to bonds which is commonly observed at the end of a month or quarter. As a result, the S&P 500 has experienced a decline of 1% for the week and has been on a consecutive three-day losing streak that dates back to the previous Friday.

At present, stocks are once again feeling hesitant as investors remain wary. The unexpected decision of the Bank of England to increase rates by 50 basis points is likely to cause even more concern among markets, particularly the UK FTSE. This will be the primary topic of discussion during the upcoming trading session, along with the expected 25 basis point hike from the SNB.

At 06:45 GMT, France will release its business confidence data for the month of June. At 07:30 GMT, the Swiss National Bank will reveal its decision on monetary policy for the same month. Finally, at 11:00 GMT, the Bank of England will announce its monetary policy decision for June.

The session coming up has come to an end. I hope you have a great future and succeed in your trading endeavors! Please take care of yourself.

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