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May 29, 2026
British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone
GBP/JPY trims part of its earlier intraday losses on Friday as the British Pound (GBP) draws support from hawkish remarks by Bank of England (BoE) Governor Andrew Bailey. At the time of writing, the cross trades around 214.15 after recovering from an intraday low of 213.59.
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May 29, 2026
"Progress on lowering inflation has stalled": Fed's Bowman takes aim at Iran war
Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues, the greater the risks to inflation become.
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