Reuters

Sterling surged over a full cent on Thursday following signs of a shift in the Bank of England’s stance on keeping UK interest rates at record lows.

The Swiss National Bank said on Thursday that it is still too early to move away from its ultra-loose monetary policy.

The dollar nursed losses on Thursday as weak U.S. inflation data left investors wondering if the Fed would follow up its rate hike with another later this year.

The dollar was steady on Wednesday, reversing major early losses, after the Federal Reserve raised U.S. overnight interest rates and said it was prepared to continue tightening monetary policy.

The Federal Reserve pressed ahead with plans to shrink its $4.5 trillion in bond holdings, outlining on Wednesday.

Britain’s pound slipped towards a seven-month low against the euro on Wednesday.

U.S. retail sales in May recorded their biggest drop in 16 months and consumer prices unexpectedly fell.

The dollar eased on Wednesday with investors looking past an expected U.S. rate hike later in the day for clues on Federal Reserve policy for the rest of the year.

The Bank of Japan is set to keep monetary settings unchanged on Friday and reassure markets it will lag way behind the Federal Reserve in dialing back its massive stimulus program.

Asian shares turned mixed on Wednesday as investors everywhere awaited clarity on the Federal Reserve’s future path for U.S. policy after a likely rate rise later in the day. Economic data out of China showed retail sales and industrial output topped forecasts in May, but a miss in urban investment reinforced views the world’s second-largest …