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Forex pairs in this Article » EUR/USD, GBP/USD (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that both the BoE and ECB are expected to maintain unchanged monetary policy stances this week.

However, he feels that they may choose to push back against recent rising investor expectations of earlier rate hikes weighing modestly upon the euro and pound. Looking to the US, he writes, “The ISM manufacturing survey for June is also released later today which is expected to reveal that business confidence climbed back above the 50-level. The US dollar is likely to continue to benefit from widening yield differentials ahead of the release of the crucial NFP report on Friday.”
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