Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
The UK gilts behaved heterogeneously on Monday as investors wait to observe the Bank of England (BoE) Governor Mark Carney’s speech, scheduled to be held on June 20. Also, the country’s 30-year auction, due on June 22, will provide detailed direction to the debt market.
The yield on the benchmark 10-year gilts, rose nearly 1 basis point to 1.02 percent, the super-long 30-year bond yields slumped nearly 1-1/2 basis points to 1.70 percent and the yield on the short-term 2-year traded 1-1/2 basis points higher at 0.17 percent by 09:20 GMT.
In line with market expectations, Emmanuel Macron's La République En Marche party and its ally centrist party MoDem won the French legislative elections securing 360 seats in the 577-seat National Assembly. Markets showed little reaction as the prospect of Emmanuel Macron’s party winning a commanding majority was already priced in. With the French elections out of the way, focus shifts to Brexit negotiations that are scheduled to start today.
The BoE surprised markets with two members joining MPC Kristin Forbes, the most hawkish member so far, and voting all three in favour of a 25 basis points rate hike at this week’s monetary policy meeting. Reacting to the MPC minutes, GBP gained some ground and UK Gilts came under pressure.
Meanwhile, the FTSE 100 rose 0.70 percent or 49.96 points to 7,513.75 by 09:30 GMT, while at 09:00GMT, the FxWirePro's Hourly Pound Strength Index remained highly bullish at 139.30 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
