Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar 
Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement 
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations 
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise 
The EUR/GBP currency pair is expected to remain implicitly heavy towards 0.8485, following inherent risks surrounding the euro.
GBP-USD to floated above 1.2400 on the back of a vulnerable broad USD but expect some domestic focus on the UK CPI numbers (and its attendant implications on the BOE’s posture) today. Short term implied valuations are relatively static at this juncture although at a stretch, cable may be deemed slightly rich on the upside.
Likely range bound near term with the 55-day MA (1.2430) an immediate cap ahead of 1.2450 while 1.2360 may support. Elsewhere, inherent risk surround the EUR may keep the EUR-GBP implicitly heavy towards 0.8485.
