The Euro (EUR) edges lower against the British Pound (GBP) on Thursday, snapping its recent winning streak after the Bank of England (BoE) held its key interest rate steady at 4.25% in its June policy meeting.

Russia Central Bank Reserves $: $682.8B vs previous $687.3B

Gold (XAU/USD) is trading within a well-defined range on Thursday, holding between $3,340 and $3,400. These levels have consistently acted as near-term support and resistance over the past week. 

Canada Employment Insurance Beneficiaries Change (MoM) climbed from previous 0.3% to 3.4% in April

Turkey's central bank (CBRT) kept its One-Week Repo Rate at 46% on Thursday, matching the broad consensus.

The Indian Rupee (INR) extends its losing streak for a third consecutive day against the US Dollar (USD) on Wednesday, sliding to a three-month low as the escalating Middle East conflict fuels fresh supply worries and keeps Crude Oil prices elevated.

The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) but trading defensively and hitting fresh local lows as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Pound Sterling (GBP) is soft and trading defensively into Thursday’s NA session with markets unphased by the BoE’s as-expected hold at 4.25% but offering some reaction to a 7-3 hold-cut split, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

On Thursday, Norway's central bank (Norges Bank) surprised markets by announcing a 25 basis point reduction in its policy interest rate to 4.25%, signalling the expectation of further cuts due to a more favourable inflation outlook. The cut was the first one since 2020.

Euro (EUR) is quietly consolidating within a tight range just below 1.15, holding flat vs. the US Dollar (USD) and treading water in light US-holiday trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

According to Iran's Mehr news agency, a member of the Iranian Parliament National Security Committee presidium Behnam Saeedi said that Iran has many options to respond to aggression, including closing the Strait of Hormuz, per Reuters.

The Canadian Dollar (CAD) is modestly weaker on the session but losses may be moderating above 1.37 for now, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The EUR/USD pair has bounced up from weekly lows at 1.1445 on Thursday and is posting marginal gains daily, as the pair trades at 1.1485 at the moment of writing.

The US Dollar (USD) has advanced in overnight trading, with markets trading with a distinct whiff of risk aversion amid reports that the US is planning for a possible strike on Iran in the coming days, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The USD/CAD advances for the third consecutive day on Thursday and remains steady above 1.3700 at the moment of writing, after having tested the early June highs, near the 1.3730 area earlier today.The US Dollar is one of the strongest G8 performers on Thursday, as investors rush for safe assets, am

The Pound Sterling (GBP) faces selling pressure against its major peers on Thursday as the Bank of England’s (BoE) leaves interest rates steady at 4.25%.

At its June meeting, the Bank of England (BoE) held its policy rate at 4.25%, as markets had anticipated.

Gold price (XAU/USD) trades in a limited range below the round-level resistance of $3,400 during European trading hours on Thursday.

United Kingdom BoE MPC Vote Rate Unchanged below expectations (7): Actual (6)

United Kingdom BoE MPC Vote Rate Hike meets expectations (0)

United Kingdom BoE Interest Rate Decision meets expectations (4.25%)

NZD is underperforming across the board. Financing New Zealand’s large current account deficit (-5.7% of GDP in Q1) is more difficult during periods of global risk aversion when foreign capital flows tend to dry up, BBH FX analysts report.

The risk-sensitive Australian Dollar is one of the worst performers on Thursday, with investors rushing for safety as the Israel-Iran conflict threatens to escalate into a global war, with the US jumping in.The AUD/USD depreciates 0.6% so far today, giving away Wednesday’s gains, as and approaches t

AUD/USD is down near the lower-end of this month’s 0.6440-0.6550 range. Australia’s May labor force report was soft, BBH FX analysts report.

US Dollar (USD) is likely to trade in a range between 7.1830 and 7.2030 against Chinese Yuan (CNH). In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD is trading heavy near key support at 1.3400. Bank of England is widely expected to keep rates steady at 4.25% (12:00pm London), BBH FX analysts report.

US Dollar (USD) is likely to trade between 144.40 and 145.50 against Japanese Yen (JPY). In the longer run, there has been a tentative buildup in momentum; for a sustained advance, USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar is faring better than the Japanese Yen in the current risk-averse scenario, with geopolitical concerns driving markets, which keeps the USD/JPY trending higher, with bulls testing resistance at the 145.35 level.Investors' fears of an escalation of the Middle East conflict have been boo

European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Thursday, “we're on the right track when it comes to monetary policy.”

New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6000/0.6045 against US Dollar (USD). In the longer run, NZD is expected to trade in a range between 0.5980 and 0.6080, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.