Bank of England Governor Bailey said the central bank is moving along a preset path toward an equilibrium level of reserves and that this could be achieved within one to two years.

Market sources: talks between Israel and Lebanon that day have concluded.

ADP reported May private payrolls rose by the largest monthly gain since Jan 2025, indicating the labor market may be accelerating despite higher energy costs linked to the Iran war. The data support a view of gradually improving labor conditions—vacancies rising and layoffs remaining low—and, if confirmed by official government employment reports, could shift odds toward Fed hikes rather than cuts in coming months.