Sterling rose for a ninth consecutive session to hit a three-week high against the U.S. dollar, as plunging oil prices and diminished expectations of Federal Reserve rate hikes jointly fueled the rally.

The British pound rose to a three-week high against the U.S. dollar.

Zhitong FinanceJul 7 17:15

Trump's influence on oil prices and rising expectations of uncontrollable inflation have made global central banks hesitant to take action.

The second wave of energy shocks within five years is imminent, with the world's five major central banks expected to remain on hold this week. Trump's social media posts continue to stir the oil market, while conflicts in the Middle East make inflation trends difficult to predict. The Federal Reserve remains vigilant against the risk of high inflation becoming "entrenched" in the economy, whereas the European Central Bank feels more comfortable adopting a wait-and-see stance. Expectations for interest rate hikes by the Bank of Japan and the Bank of England have abruptly cooled. The painful lesson from misjudging inflation in 2022 is still fresh in the minds of central banks, leading them to prefer staying cautious rather than making hasty moves amid uncertainty.

wallstreetcnApr 27 14:40

EU Trade Surplus Narrows From 2025's Pre-Tariff Surge

WSJApr 17 17:53

European Central Bank Calls for 'Truly' Single Banking Market to Boost EU Banks' Competitiveness

MT NewswiresApr 14 19:30

Swiss Franc Eases on Prospect of SNB Interventions, ECB Rate Rises -- Market Talk

WSJApr 2 22:15

German Unemployment Rate Unchanged

WSJMar 31 16:34