Spain HCOB Manufacturing PMI rose from previous 48.1 to 50.5 in May

Jun 2, 2025

Forex Today: US Dollar weakens to start week as markets await PMI data

Here is what you need to know on Monday, June 2:

GBP/USD rushes beyond 1.3500 as the US Dollar accelerates its reversal

The Pound is rallying at Monday’s London session opening times, favoured by an ailing US Dollar, which has reversed Friday’s gains following a new tariff threat by US President Trump and a fresh trade rift with China.Investors are selling the US Dollar on Monday, wary that a 50% tariff on Aluminu¡iu