British pound makes a strong comeback: 3 major market signals hidden behind inflation data and the next move of the Bank of England.

Amidst the complex background of global economy, every fluctuation in the UK's inflation data has become the focus of the market's attention. The latest inflation report not only provides investors with a window into the UK's economic conditions, but also adds new uncertainty to the future trend of the British pound.

FX678 FinanceJun 19 07:11 ET

The outlook for a rate cut by the Swiss Central Bank remains unclear, with overnight hedge costs for the Swiss franc seeing their largest increase since 2015.

The Swiss National Bank will make the next interest rate decision on Thursday, and it is uncertain whether decision makers will choose to cut interest rates and imply support for the Swiss franc through intervention.

Zhitong FinanceJun 19 07:00 ET

U.K. Inflation Data Could Boost Case For August Rate Cut But Future Outlook Unclear -- Market Talk

0859 GMT - U.K. annual headline inflation for May decelerated to 2%, a move that could solidify the case for an interest-rate cut by the Bank of England in August, XTB research director Kathleen Brook

WSJJun 19 04:59 ET

Bets of an August BOE Rate Cut Dashed by High Services Inflation

Traders pared bets that the Bank of England will ease monetary policy in the coming months after data showed services sector inflation remained higher than expected in May.

BNN BloombergJun 19 04:31 ET

U.K. Services Inflation Tops BOE Expectations, But August Cut Still in Play -- Market Talk

Despite falling headline U.K. inflation, it's services inflation that matters for the Bank of England and in May it came in higher than expected for the second-straight month, ING economist James Smith says in a note.

WSJJun 19 04:01 ET

Inflation Returns to Bank of England's Target for the First Time in Nearly Three Years

Inflation in the U.K. returned to the Bank of England's target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.

MarketWatchJun 19 03:56 ET