ForexLive European FX news wrap: Hotter UK inflation rules out BOE move in June ...Middle East

Headlines:UK April CPI +2.3% vs +2.1% y/y expectedSterling gains as UK inflation slows by less than anticipatedTraders move to pare back BOE rate cuts odds after UK CPI reportWhat are the main events to look out for today?10-year JGB yields touch 1% for the first time since 2013US MBA mortgage applications w.e. 17 May +1.9% vs +0.5% priorChina announces countermeasures against 12 US companies and their senior executivesForexLive Asia-Pacific FX news wrap: NZD jumped on a more hawkish RBNZ StatementMarkets:NZD leads, CHF lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields up 2.7 bps to 4.443%Gold down 0.3% to $2,413.92WTI crude down 0.6% to $78.14Bitcoin up 0.5%

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