UK Prime Minister Burnham said he will adhere to Labour's manifesto tax commitments when funding social care.

ING analyst Francesco Pesole said the resumption of military strikes in the Middle East is a reminder to be cautious on EUR/USD. He said EUR/USD needs markets to pare Fed rate‑hike expectations—via economic data or Fed communication—and for risk sentiment to stabilize to sustain a move above 1.15. He added that if widespread market optimism that the conflict will ease proves correct, EUR/USD has likely already bottomed.

U.S. 6-week Treasury bill auction (settlement to July 28) stop-out yield 3.70%, up from 3.65% previously.