From Investing.com: 2025-05-21 08:15:00

GBP/USD rose to a 3-year high after UK CPI increased to 3.5% YoY, while USD fell for a 3rd day post Moody’s rating downgrade. Service sector inflation rose by 5.4% in April, exceeding expectations of 4.8%. Bank of England may not cut rates in June. The US dollar fell due to concerns over US debt and President Trump’s tax bill. DAX reached a record high on ECB rate cut expectations. PPI fell -0.9% YoY in April. DAX could consolidate after hitting 24k. ECB chief economist Philip Lane may support dovish ECB expectations. Support at 23,477 for DAX.



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