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 Finance06:54 ET

There is a high probability that the Bank of Canada will cut interest rates this week. The US and Canada are expected to fall below 1.3601 support and look at 1.3400

Market analyst Saqib Iqbal wrote that the USD/CAD weekly forecast shows more downside potential because the Bank of Canada is likely to cut interest rates this week, far ahead of the Federal Reserve. On the technical side, USD/CAD has fallen below the bullish trend line and is approaching the 1.3601 support level.

FX678 Finance01:36 ET

UK Survey of Executives Finds Confidence at Highest Since 2021

UK businesses entered the general election campaign at their most optimistic in over 2 1/2 years after the economy quickly bounced back from recession, according to the Institute of Directors.

BNN BloombergJun 1 03:28 ET

Canadian Dollar claws back ground after Greenback softens on Thursday

The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.

FXStreetMay 30 13:20 ET

Canadian Core Inflation Measures Set to Remain Relatively Muted -- Market Talk

The stage is set for Canadian headline and core inflation to reach the central bank's 2% target on a sustained basis by early next year, even if core price growth accelerates somewhat from the muted start to the year, Capital Economics' Olivia Cross suggests.

WSJMay 30 10:59 ET

Canada Q1 Current Account Deficit Expands to $5.4 Billion; Canadians Buy Record $37 Billion in Foreign Bonds in Quarter

Canada posted a seasonally adjusted current account deficit of $5.4 billion in the first quarter, $900 million more than the previous quarter as the goods balance moved from a surplus into a deficit, the country's statistical agency said on Thursday.

MT NewswiresMay 30 09:05 ET