Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Australian Household Spending Dips in December as RBA Tightens Policy 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
The UK gilts jumped after the country’s Prime Minister Theresa May delivered her speech in Westminster today, calling for an early election on June 8, saying the government had the right plan for negotiating the terms of Britain's exit from the European Union and she needed political unity in London.
The yield on the benchmark 10-year gilts, which moves inversely to its price, plunged 2-1/2 basis points to 1.02 percent, the super-long 30-year bond yields also slumped nearly 2-1/2 basis points to 1.63 percent while the yield on the short-term 2-year traded 1 basis point lower at 0.10 percent by 10:10 GMT.
Theresa May has announced a snap general election to give Britain the 'strong and stable leadership' needed to deliver Brexit. In her shock announcement, she blasted opposition parties for trying to frustrate Brexit and said she was not prepared to let them 'endanger the security of millions of working people'.
Meanwhile, the FTSE 100 fell 0.58 percent or 41.73 points to 7,289.95 by 10:20 GMT, while at 10:00GMT, the FxWirePro's Hourly Pound Strength Index remained neutral at -1.14 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
