The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The UK economy exceeded estimates with 0.1% growth in May, bringing the three-month GDP growth to 0.7%. Meanwhile, strong U.S. retail sales and resilient jobless claims data boosted the U.S. Dollar Index (DXY). This positive economic data reinforces the Federal Reserve's cautious stance regarding interest rate cuts as markets monitor speeches from central bank officials.