Russia S&P Global Manufacturing PMI: 48.1 (April) vs previous 48.3

May 4, 2026

Pound Sterling advances on BoE hawkish hold while Hormuz tensions cap gains

The GBP/USD pair gathers strength around 1.3600 during the early European session on Monday. Signals from the Bank of England (BoE) that suggest a potential shift toward higher interest rates later this year underpin the Pound Sterling (GBP) against the US Dollar (USD).

AUD/USD: RBA hike expectations support pair – Commerzbank

Commerzbank strategists note AUD/USD held at 0.7200 on Friday and gained modestly over the week as markets price further Reserve Bank of Australia (RBA) tightening. Overnight index swaps imply a high probability of a third consecutive 25 bp hike to 4.35% and additional tightening by year-end.