The British Pound heads into a new trading week close to one-month highs against the United States Dollar, a tale that’s much more about the former than the latter.

US PCE data provided the catalyst to help the dollar end the week flat. Will concerns around re-accelerating inflation emerge in the FOMC statement, buoying USD?

The British Pound heads into what promises to be a fascinating new trading week in stronger form against the United States Dollar

The Euro is drifting lower going into the weekly close. Next week, economic data and events may see EUR/USD and EUR/GBP resistance and/or support levels tested again.

Gold trades higher, seemingly impervious to the dollar’s strength and elevated US yields. Buoyed by safe haven appeal and central bank buying, XAU/USD uptrend persists

The Pound is holding above 1.2400 but is under clear pressure and the bulls will have a fight on their hands to keep it above that psychologically important level this week.

The European Central Bank has made it clear that interest rates are coming down, with the June meeting very much a live event, but the Middle East crisis and a slew of high US data will control EUR/USD next week.

Strong growth, inflation and jobs data keeps US rates on hold, while disinflation and stagnant growth in the EU tees up a June rate cut. The likely policy divergence favours USD

UK jobs and inflation data released next week may give cable a reprieve after a resurgent US dollar sent GBP/USD tumbling to a multi-month low.

Gold is pressing further into record high territory as escalating tensions between Israel and Iran continue to fuel the precious metal’s safe-haven bid