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-US Rates According to the bond markets, traders seem to expect a less dovish Fed this year. Currently, markets might see a less than 50% chance that a rate cut will happen in June. On another note, the US manufacturing activity has shown an expansion since 2022. Short-term yields are again on the rise and look set to strengthen further. Meanwhile, the Dollar has started potential further gains and is gearing up steam against most other currencies. -UK Inflation Inflation data from the UK shops has dropped further. Supermarkets' prices have fallen as they compete to increase their business. Price inflation has moved down to 1.3% every year as data from last month has revealed, which is way lower compared to the same period in February which showed a 2.5% increase. Current data might be a sign that the BoE will cut rates rather soon, compared to other central banks. The Pound looks like it remains under pressure as technical price points have been broken potentially indicating further downside
