Australian Dollar Edges Lower, Possibly Due to Unexpected Current Account Deficit

The Australian Dollar (AUD) halted its three-day winning streak on Tuesday, likely due to Australia's unexpected current account deficit of A$ 4.9 billion (USD 3.2 billion) in the first quarter.

FXStreet22:59 ET

UK Spending Growth Slowed in May on Rising Bills, Poor Weather

Shoppers in the UK pared back spending last month as higher household bills and poor weather drove them away from high streets.

BNN Bloomberg19:25 ET

In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.

According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.

Zhitong FinanceJun 3 06:54 ET

Sterling May Fall If BOE Eases Rates More Than Forecast -- Market Talk

Sterling could weaken in 2025 if the Bank of England cuts interest rates more than the market currently forecasts, Unicredit Research says.

WSJJun 3 06:42 ET

Australia's 1Q GDP Print Expected to Show Weak Growth

Australia's Q1 GDP print, due out later this week, is expected to show weak growth of 1.2% on year and 0.2% on quarter, says Paul Bloxham, chief economist for Australia, NZ & global commodities at HSBC.

WSJJun 2 23:44 ET

Will the Reserve Bank of Australia continue to raise interest rates? The money market is betting that it may “act” again in August

The Bank of Australia is seen as the only major central bank that risks raising interest rates.

Zhitong FinanceJun 2 22:30 ET