European Markets Wrap-Up | BoE's Greene: Worth waiting before deciding on rate hikes

Monday, 11 May, 2026 Central Banks BoE's Greene: Worth waiting before deciding on rate hikes It's worth waiting to see how the US-Iran war develops before deciding whether to hike interest rates Inflation risks are skewed entirely to the upside Sluggish economy and loose labour market should Forex Indian Rupee erases recent gains as US and Iran fail to reach an agreement. What's next? FUNDAMENTAL OVERVIEW USD: The US dollar regained some ground as both Trump and Iran rejected the respective war-ending proposals calling them unacceptable and leaving the two sides miles apart on any Learn more Forex Market outlook for the week of 11th - 15th May It’s a relatively light week ahead, as is typically the case following the NFP release, with the first relevant event being the U.S. existing home sales release on Monday. Tuesday will bring the Bank News Iran foreign ministry spokesperson says proposal to the US was "not excessive" Baghaei says that Iran's proposal was "not excessive" and that whatever the situation is right now, it is all due to the fact that Washington continues to have "unreasonable demands" instead. He adds News Heads up: Trump-Xi summit due for later this week While the US-Iran conflict is still the main event for markets, this week will feature a bit of a sideshow and distraction. That as US president Trump is to make a trip to China from 13 to 15 May, at Commodities Oil prices rebound into triple digit levels amid lack of US-Iran breakthrough FUNDAMENTAL OVERVIEW Oil prices came under some renewed pressure in the final part of last week on hopes that Iran would accept the US war-ending proposal after Axios reported the two parties were get Commodities Gold consolidates again as US and Iran reject the respective war-ending proposals FUNDAMENTAL OVERVIEW Gold rebounded in the final part of last week on hopes that Iran would accept the US war-ending proposal after Axios reported the two parties were getting close to a one-page memo News What are the main events for today? EUROPEAN SESSION It's kind of a synthetic Sunday today as we don't have anything on the calendar. Markets will likely continue to consolidate amid all the US-Iran noise. The latest developments saw bo Learn more Forex Orders FX option expiries for 11 May 10am New York cut There are a few expiries to take note of on the day, as highlighted in bold below. The first ones are for EUR/USD at the 1.1725-50 levels. They don't tie much to any technical significance but as the

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