Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: House price growth in May declined to 10.4 percent y/y.
- Australia: New motor vehicle sales grew 2.9 percent in May, up 4.9 percent from a year ago.
Upcoming:
- United Kingdom: Brexit negotiations officially begins today.
- Eurozone: Construction output report for April will be published at 9:00 GMT.
- United States: Fed’s William Dudley is scheduled to speak today at 12:00 GMT. Evans is scheduled to speak at 23:00 GMT.
- Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT. Spain will auction 10-year bond today.
