United Kingdom NIESR GDP Estimate (3M) dipped from previous 0.933% to 0.4% in June

Jul 16, 2026

Euro: Policy divergence and carry flows – BNY

BNY’s Geoff Yu says iFlow Carry is beginning to resemble its 2023 upswing. Neutral positioning in carry currencies, including those funded in the dollar, leaves room for exposures to rebuild. G10 FX attracted broad inflows, while EM FX selling was led by HUF, ZAR and KRW.

European Central Bank: Hawkish hold bias – Rabobank

Rabobank’s Bas van Geffen expects the ECB to keep the deposit rate at 2.25% in July, judging a hike as a tail risk that would require a much stronger energy shock.