Daniela Hathorn

Gold struggles to find a direction as geopolitical tensions ease and Fed rate cuts become uncertain

The Bank of England (BoE) is widely expected to keep interest rates unchanged when it meets later this week. Data from Reuters shows a 90% chance of no change to the current rate of 5.25%, but the central bank will need to decide whether to change the messaging about rate cuts this year as traders will be paying close attention to any rate-cut clues.

A look at what to expect from the Federal Reserve at its meeting on 1 May

US GDP grew less than expected in Q1 but price pressures continue to rise

US crude prices drop back into a key area of resistance/support even after US inventories drop for the first time in a month

Precious metals reverse some of the recent losses as US PMI data drops in April.

Shares of Lloyds Banking Group have struggled to find their footing in the past, but the company’s strong fundamentals have made it an attractive investment, and investors are finally catching on.

UK stocks lead the gains in Europe as markets try to recover with geopolitical tensions easing slighlty

US stock indices attempt to reverse the bearish momentum ahead of the US GDP data release

Weak economic data and dovish comments from BoE speakers weigh on GBP/USD as geopolitical risks continue to favour USD