EUR/USD fell back below 1.12, down 0.26% on the day.

The U.S. dollar index DXY continued to rise, rising more than 10 points in the short term, and is now at 100.29.

USD/CHF hit 0.86 higher against the Swiss franc, up 0.28% on the day.

The Overnight Index Swap (OIS) curve now points to a peak BoE rate in late 2023/early 2024 between 5.75% and 6%.

The overnight index swap curve shows that UK investors are now pricing in around a 65% chance of a 25 basis point rate hike by the Bank of England in August (compared to 58% on Tuesday).

The document shows that Tesla requested an extension of the deadline for the battery pack production facility in Germany and required the construction of a water recycling facility. The revamped plant is scheduled to be operational in the first half of 2024.

State Bank of India Chairman Dinesh Kumar Khara: State Bank of India does not think the RBI will cut interest rates at the August policy meeting.

Hunt, Chancellor of the Exchequer: (on inflation) We are not complacent. High commodity prices remain a huge concern for households and businesses.

Japanese Ministry of Economy, Trade and Industry official: If TSMC invests further, Japan will support it.

South Korea, the United States and Japan held economic security meetings.

Agency comments on UK CPI data: UK inflation slowed faster than expected in June, which partially eased the pressure on the Bank of England to continue raising interest rates.

European Commission Executive Vice President Vestager: Scott Morton will quit his position in the EU.

Ukraine said it shot down 14 missiles and 23 drones launched by Russia during the night.