ING analyst Chris Turner said the upcoming Fed policy meeting is likely to be more important for EUR/USD than the ECB's Thursday rate decision. The ECB has signaled further hikes and markets price a July move, but Turner said markets have already priced an aggressive ECB tightening cycle and are reluctant to push that view further, keeping EUR/USD below 1.16. Markets also expect the Fed to hike later this year; unless the Fed rebuts that outlook at Wednesday's meeting, the dollar should remain f

Market sources: Following rallies in SK Hynix and Samsung Electronics shares, banks are restricting hedge funds from taking related positions.

Banco Santander analysts expect the Bank of England to keep rates unchanged next week while maintaining a vigilant, 'active hold' stance. They say current policy settings appear sufficiently tight to buy time to assess inflationary risk from the Middle East shock. Slowing inflation and a weak labour market limit near-term second-round price pressures, but a prolonged Iran conflict would raise upside inflation risk. Santander judges that if the crisis persists beyond summer, the BoE would face a substantial risk of having to hike in September.