Sterling Holds 1.342 in the Eye of a Three-Catalyst Storm as the Fed, UK CPI and a Split BoE Collide in 48 Hours

The pound is holding its breath in the middle of one of the most concentrated catalyst windows of the year. GBP/USD is trading near 1.342, up around 0.40% on the session and holding just below the 1.34 handle, as the dollar eases ahead of the Federal Reserve's first decision under new Chair Kevin Warsh. But the pound's path isn't a one-event trade — it's caught in a 48-hour storm of three overlapping catalysts that will whip the rate in every direction.

The window is unusually dense. The Fed delivers its rate decision at 2 PM ET today, with the dot plot the real event and a hold at 3.50–3.75% a near-certainty. The same day, UK May CPI lands — the inflation print that feeds directly into the Bank of England's thinking. And tomorrow, June 18, the BoE delivers its own rate decision, widely expected to hold at 3.75% but with a divided committee and an oil-driven inflation backdrop that's flipped the UK from a cutting bias to a hiking debate. Three catalysts, two central banks, one inflation print — all hitting the pound in 48 hours.

That makes GBP/USD a more complex read than a single-bank trade. The dollar side is set by the Fed dot plot; the pound side is set by the UK CPI today and the BoE guidance tomorrow. The rate is caught between a soft dollar that's lifted it toward 1.342 and a BoE that's frozen on the fence — and the gap between what the Fed signals and what the BoE delivers is what moves sterling over the next two days.

The one-line thesis for the forecast: GBP/USD is pinned near 1.342 in a three-catalyst storm, where the Fed dot plot sets the dollar, UK CPI sets the BoE's input, and a divided MPC's hold-versus-hike debate sets the pound — and the rate breaks toward 1.37 on a dovish-Fed, soft-CPI combination or back toward 1.33 if the dot plot tightens and UK inflation runs hot. The pound is the most event-loaded major on the board this week.

The setup is a coiled rate sitting just below 1.34, riding dollar softness into a packed window of overlapping catalysts. The first release is the Fed at 2 PM; the storm runs through Thursday.

The Triple-Event Window: Fed, UK CPI, BoE

The defining feature of this GBP/USD setup is the sheer density of catalysts, and unpacking the sequence is essential. Today brings two of them: the UK May CPI release in the morning and the Fed decision at 2 PM ET. Tomorrow brings the third: the BoE rate decision. Three market-moving events in 48 hours, each pulling the pound in a potentially different direction.

The sequencing matters. The UK CPI lands first, setting the inflation backdrop the BoE will respond to the next day — a hot print hardens the case for the hawkish MPC faction, while a soft one supports the doves and keeps a future cut alive. Then the Fed dot plot lands, setting the dollar's direction and the broad risk tone. Then the BoE delivers, with its guidance shaped by the CPI print the market just digested. Each event conditions the next, which is why the pound's path is a sequence rather than a single move.

The cross-currents are the complication. A dovish Fed that weakens the dollar would lift GBP/USD, but if the same session brings a hot UK CPI that's then validated by a hawkish BoE lean, the pound gets a double tailwind. Conversely, a hawkish Fed that strengthens the dollar would pressure the pound, and a soft UK CPI plus a dovish BoE hold would compound the downside. The four combinations — dovish/hawkish Fed crossed with soft/hot UK CPI — produce four distinct paths for the rate.

The compressed timing amplifies the volatility. With three catalysts in two days and the Juneteenth US market holiday on Friday, the pound faces a concentrated burst of event risk that's likely to produce sharp moves and potential gaps. The market can't fully position for all three outcomes, which leaves the rate pinned near 1.342 into the first release and braced for whipsaw once the events start landing.

For the forecast, the triple-event window is the structure that defines the week. The pound isn't trading a single binary; it's navigating a sequence where the dollar, the UK inflation read, and the BoE's response all interact. The dot plot at 2 PM is the first domino, the CPI is the BoE's input, and Thursday's decision closes the loop. Three catalysts, one pound, 48 hours.

UK May CPI Today: The BoE's Input

The first piece of the puzzle is the UK May CPI print landing today, the day before the BoE meets — and it's the single most important data point for the pound's domestic side. The figure feeds directly into the MPC's decision tomorrow: a hot print hardens the hawkish faction's case for a hike, while a soft one that shows further disinflation keeps a future cut on the table and supports a dovish hold.

The backdrop frames the stakes. UK CPI eased to 2.8% in April, down from 3.3% in March, helped by a reduction in the household energy price cap that softened the sharp rise in fuel costs since the Iran war began. That deceleration was a relief for the BoE, suggesting the inflation surge might be contained — but the Iran oil shock that's driven energy prices higher threatens to push it back up, which is why today's May print is so closely watched. The question is whether the April easing was the start of a trend or a one-off.

The BoE's own projections point higher. The committee's April Monetary Policy Report laid out three scenarios for how the energy shock could feed through, and all three saw inflation rising — the central projection had CPI at 3.1% in the second quarter, 3.3% in the third, and rising further in the fourth before easing back toward the 2% target. That trajectory means the BoE expects inflation to climb from the 2.8% April reading, which is why a hot May CPI today would validate the hawkish case and a soft one would be a pleasant surprise.

The market sensitivity is acute because of the timing. A cut to 3.50% at tomorrow's meeting is possible only if today's CPI shows further disinflation, but the Bank's caution about energy-driven inflation later in the year argues against an immediate move. So the CPI print effectively sets the range of plausible BoE outcomes: a soft number keeps a cut in play and could weaken the pound, while a hot number locks in the hold and could harden the hawkish guidance that supports sterling.

For the forecast, the UK CPI is the domestic catalyst that conditions everything that follows. A print above the 2.8% April reading — toward the BoE's 3.1% projection — hardens the hawkish faction and supports the pound into tomorrow's decision; a softer print revives the dovish case and pressures it. The CPI is the BoE's input, and it lands before both the Fed and the BoE, setting the tone for the pound's path through the window.

The BoE Hold Tomorrow and the Divided Committee

The third catalyst is tomorrow's BoE decision, and while the outcome looks settled, the guidance is where the action is. The Monetary Policy Committee is widely expected to hold the Bank Rate at 3.75% for the fourth consecutive meeting, with prediction markets showing roughly a 96% implied probability of no change and swap rates consistent with that view. Pantheon Macroeconomics, Deutsche Bank, and the broad consensus all expect a hold. The number is nearly a lock.

The drama is in the divided committee. The MPC held at its April 30 meeting on an 8-1 vote, with one member already voting for a 25-basis-point increase to 4% — and the hawkish faction has grown. Chief economist Huw Pill and external member Megan Greene have signaled they'll vote for an immediate rate rise, while Catherine Mann has suggested she's open to a hike if the energy crisis worsens. Against them, Governor Andrew Bailey and Deputy Governor Sarah Breeden have called for caution before acting on rising inflation risks. The split is the story.

The vote count is the swing factor for the pound. A hold with a growing hawkish minority — say a 6-3 or 7-2 split with multiple members voting for hikes — would be read as hawkish guidance and support the pound, signaling the BoE is closer to a hike than the market assumes. A unanimous or near-unanimous dovish hold would be read as the BoE staying firmly on the fence, which would weaken sterling. The pound trades the vote split and the guidance, not the unchanged rate.

The policy shift is dramatic. Before the Iran conflict, two rate cuts were expected in 2026; now the debate is whether the BoE holds or hikes, with some forecasts seeing the rate rising to 4% from July onwards and outlier projections as high as 4.25–5.25%. That flip from cuts to hikes mirrors the global central-bank turn driven by the oil-driven inflation shock, and it's the reason the pound has a hawkish tail risk that wasn't there at the start of the year.

For the forecast, the BoE decision is the domestic catalyst that closes the window. A hold with a hawkish split and guidance pointing toward a July hike supports the pound toward 1.37; a dovish hold with the doves dominant pressures it toward 1.33. The rate is a lock at 3.75%, but the vote count and the guidance — conditioned by today's CPI — are what move sterling on Thursday.

Why the Fed Dot Plot Sets the Dollar

On the US side, the Fed decision at 2 PM is the dollar catalyst, and as with every market this week, the rate is settled and the dot plot is the event. A hold at 3.50–3.75% is priced near-certain, leaving the dollar's direction to the projection of the rate path. For GBP/USD, the dollar is half the equation, and the dot plot sets it.

The mechanism is the rate differential and risk appetite. A hawkish dot plot that projects hikes — widening the US rate advantage and confirming the 50.5% hike probability the market is pricing — strengthens the dollar and pressures the pound toward 1.33. A dovish lean that signals the Fed is done tightening keeps the dollar soft and supports GBP/USD toward 1.37. The dollar's reaction to the dots is the transmission mechanism between the Fed and the pound, and it's frozen ahead of the print.

The dollar's current softness is the pound's immediate tailwind. The greenback eased into the Fed on US-Iran peace optimism and the oil rout, which is why GBP/USD is holding near 1.342 rather than lower. That softness reflects a market betting the Fed won't deliver a hawkish shock — and one prominent research view holds that the Fed is unlikely to surprise hawkishly enough to break the dollar higher. If that's right, the pound holds the upper half of its range regardless of the BoE.

The Warsh wildcard adds uncertainty to the dollar read. A new Chair running his first meeting means his 2:30 press conference carries outsized weight, and his framing of the inflation backdrop and rate path will move the dollar in real time. The market has been discounting a structurally softer dollar tied to the leadership transition and US fiscal concerns, but Warsh's actual stance — revealed in the dots and the presser — could confirm or upend that.

For the forecast, the Fed dot plot is the dollar half of the GBP/USD equation. A hawkish print strengthens the dollar and pressures the pound; a dovish one keeps the dollar soft and supports it. Crossed with the UK CPI and the BoE outcome, the dollar's reaction determines whether the pound breaks toward 1.37 or 1.33. The dot plot is the first catalyst, and it sets the dollar before the BoE sets the pound.

The UK Inflation Backdrop: Eased to 2.8% but Oil Threatens

The heart of the pound's domestic story is the tension between an inflation reading that eased and an oil shock that threatens to reignite it. UK CPI fell to 2.8% in April, down from 3.3% in March — a meaningful deceleration helped by the household energy price cap reduction that softened fuel costs. That easing was the doves' argument for caution and the reason a future cut stayed on the table.

But the oil shock is the threat hanging over it. The Iran war drove energy prices sharply higher, and while the April CPI benefited from the energy-cap reduction, the BoE's projections show inflation climbing back toward 3.1% in the second quarter and 3.3% in the third as the energy costs feed through. The committee's caution about energy-driven inflation later in the year is the reason the hawkish faction is pushing for hikes — they're looking past the 2.8% April print to the rising trajectory the Bank itself projects.

The complication is the recent oil collapse. Crude has cratered roughly 40% from its conflict peak as the US-Iran truce approaches, which could ease the energy-driven inflation the BoE is worried about — a disinflationary development that argues against hikes. So the UK faces competing forces: the backward-looking energy spike that drove inflation higher, and the forward-looking oil collapse that could pull it back down. The May CPI today is the first read on which force is winning.

The stagflation risk shapes the BoE's bind. The UK faces stagnant jobs and sluggish growth alongside rising inflation risks — the classic stagflationary trap that makes the BoE's job impossible. Hiking into a weak economy risks deepening the slowdown; holding risks letting inflation expectations drift. That trade-off is why the committee is divided and why the guidance tomorrow matters more than the unchanged rate. The Bank is threading a needle between inflation and growth.

For the forecast, the UK inflation backdrop is the domestic driver of the pound's path. The 2.8% April easing supports the doves, but the BoE's rising projections and the hawkish faction's push argue for caution. Today's CPI is the swing — a hot print toward 3.1% hardens the hawks and supports the pound; a soft print revives the doves and pressures it. The oil collapse is the wildcard that could ease the inflation the BoE fears within weeks.

The Dollar Softness Theme

The dominant macro theme of 2026 has been a broadly weaker dollar, and it's the structural tailwind beneath the pound's recovery. The greenback has softened through the year on Fed easing expectations, US fiscal concerns, and questions about central-bank independence after the leadership transition to Warsh — and that weakness is the reason GBP/USD has climbed off its lows and held near 1.342 into the Fed.

The recent driver is the Iran de-escalation. Oil has eased from its four-year highs as Middle East tensions show tentative signs of de-escalation, trimming the risk premium that lifted the dollar in late April. When the safe-haven bid for the dollar fades and oil falls, the pound and other major currencies gain — and the dollar's pre-Fed softness on the US-Iran peace optimism is the proximate reason sterling is firmer. The risk-on shift has supported the higher-beta currencies against the greenback.

The structural case for dollar weakness is the pound's longer-term support. A dollar index that's declined over the year reflects a market repricing the relative trajectories of the US and other economies, and a continued softening of dollar strength would provide a tailwind for GBP/USD toward the upper end of its range. The bullish pound forecasts toward 1.37 and beyond rest heavily on the dollar staying soft rather than on UK fundamentals improving.

The risk to the theme is a hawkish Fed. The dollar's weakness is conditional on the Fed not delivering a hawkish shock — a dot plot that projects hikes would reverse the dollar softness and pressure the pound regardless of the BoE outcome. The pound's bid is built on a soft-dollar foundation, and the dot plot at 2 PM could pull that foundation out from under it. The dollar softness is the tailwind, but it's not guaranteed.

For the forecast, the dollar softness theme is the structural force supporting the pound. As long as the dollar stays soft — on Fed easing expectations, US fiscal concerns, and the Iran de-escalation — GBP/USD has a tailwind toward 1.37. A hawkish Fed that reverses the softness is the primary risk to that path. The dollar is half the equation, and its trajectory has favored the pound through 2026.

The Technical Map

The chart shows a pound in recovery but capped, consolidating ahead of the catalysts. GBP/USD near 1.342 has been trending higher from a recent low of 1.3182 printed on March 30, a roughly 1.7% recovery that's been driven by the dollar softness. The rate has been trading near its 8-day, 21-day, 50-day, and 100-day moving averages — a tight clustering that reflects consolidation as the market waits for the triple-event window to resolve.

The support structure is layered below. The 1.33 level is the first line — a level the pound has tested and survived multiple times through the spring — with the March 30 low at 1.3182 marking the next significant support. A hawkish-Fed, soft-CPI, dovish-BoE combination that breaks 1.33 would target 1.3182 and below, while the June range floor near 1.303 is the deeper support. The 1.33 zone is the make-or-break level for the recovery.

The resistance is overhead and well-defined. The 1.35 area, where the 50-day and 200-day moving averages cluster, is the first ceiling, with the 1.37–1.38 zone marking the upper end of the recent range and the target for a dovish-Fed, hawkish-BoE combination. A break above 1.37 would confirm the recovery has legs and open the path toward the bullish forecasts. Until the pound clears 1.35, the upside is capped and the rate stays range-bound.

The momentum read has been cautious. Technical sentiment turned bearish heading into the window, with the majority of indicators signaling downside, reflecting a market positioned defensively ahead of the catalysts. But the recovery from 1.3182 and the consolidation near the moving averages suggest the downtrend has stalled — the pound is coiled in a range, waiting for the events to provide direction rather than trending decisively either way.

For the forecast, the technical map frames the binary. The 1.33 support and the 1.35 resistance are the near-term edges, with 1.3182 below and 1.37 above as the extended targets. A dovish-Fed, hawkish-BoE combination breaks 1.35 toward 1.37; a hawkish-Fed, dovish-BoE combination breaks 1.33 toward 1.3182. The range is tight, the catalysts are stacked, and the moves come fast once the window opens.

The Rate Differential

The yield gap between the US and UK frames the pound's medium-term path, and the current math is more balanced than the EUR/USD picture. The Fed sits at 3.50–3.75% and the BoE at 3.75% — meaning the two policy rates are roughly aligned, unlike the wide US premium over the eurozone. That alignment is part of why the pound has held up better than the euro: the carry disadvantage that pressures the euro is largely absent for sterling.

The dynamic to watch is the direction of the gap. If the BoE holds or hikes while the Fed holds, the differential stays neutral or tilts toward the pound — supportive for GBP/USD. If the Fed turns hawkish and projects hikes while the BoE stays on the fence, the gap could widen in the dollar's favor, pressuring the pound. The triple-event window is essentially a test of which central bank tilts more hawkish, and the rate differential resolves in the pound's favor only if the BoE matches or out-hawks the Fed.

The BoE's hawkish faction is the pound's structural support on the rate side. With two MPC members voting for immediate hikes and forecasts seeing the rate potentially rising to 4% from July, the BoE has a tightening bias that the market is pricing — and that bias keeps the rate differential from moving decisively against the pound. The flip from expected cuts to a hiking debate is the reason sterling has a hawkish tail that supports it against a hawkish Fed.

The contrast with the euro is instructive. The ECB just hiked to 2.25%, leaving a wide US premium, while the BoE sits at 3.75% with a hiking debate — meaning the pound carries a higher rate and a more aligned differential with the dollar than the euro does. That's part of why the pound has outperformed the euro against the dollar in periods of dollar weakness, and it's the structural reason sterling has held up.

For the forecast, the rate differential is the medium-term driver. The roughly aligned Fed and BoE rates mean the pound doesn't carry the euro's carry disadvantage, and the BoE's hawkish faction provides support. A BoE that matches or out-hawks the Fed keeps the differential pound-favorable; a dovish BoE hold against a hawkish Fed tilts it toward the dollar. The triple-event window is the test of which way the gap moves.

The Recovery From 1.3182 and the 2026 Context

The longer-term context explains the pound's resilience despite the bearish near-term sentiment. GBP/USD has recovered from a March 30 low of 1.3182, climbing back toward 1.342 on the dollar softness theme — a recovery that reflects the broad 2026 narrative of a weaker dollar supporting the major currencies. The pound has been one of the beneficiaries, holding up against the greenback even as UK domestic fundamentals stayed mixed.

The 2026 path has been a grind higher with setbacks. The pound traded around 1.35 earlier in the year, pulled back to the 1.3182 low at the end of March, survived multiple tests of the 1.33 support, and recovered to 1.342 — a choppy, range-bound advance rather than a clean trend. The dollar softness provided the tailwind, while UK political instability and the stagflationary backdrop provided the headwinds, leaving the rate oscillating in a 1.30–1.38 band.

The political overlay is a unique pound risk. UK fiscal policy uncertainty and political instability have been flagged as risks that could cap the pound's upside, adding a domestic complication that the dollar-driven recovery doesn't address. A currency supported by external dollar weakness but undermined by internal political and fiscal concerns is a more fragile bid than one driven by improving fundamentals — which is part of why the sentiment turned bearish despite the recovery.

The structural forecasts span a wide range. Trend-based models project a bullish trajectory toward 1.47–1.50 by late 2026 on continued dollar weakness, while more conservative models point to gradual depreciation toward 1.20–1.24 by 2030 on UK structural concerns. That spread captures the uncertainty: the pound's near-term path depends on the dollar, but its longer-term trajectory depends on whether the UK's fiscal and growth challenges resolve or deepen.

For the forecast, the recovery context means the pound's range is a consolidation rather than a breakdown. The climb from 1.3182 to 1.342 reflects the dollar softness, and the rate holds the upper half of its range as long as the dollar stays soft and the BoE keeps its hawkish tilt. The triple-event window decides the near-term direction within that range, but the broader recovery from the March low frames the pound as resilient rather than weak.

The Forecast Split

The analyst community sees the pound holding firm with a modest upward bias, though the forecasts span a wide range. Near-term consensus models point to a June 2026 trading range of roughly 1.303–1.383, with month-end projections clustering around 1.33–1.363. ExchangeRates.org.uk forecasts the pound reaching 1.3392 by end-June, 1.3442 by September, and 1.3572 by December — a gradual climb that assumes continued dollar softness and a BoE that holds its hawkish tilt.

The bullish camp is more aggressive. Trend-based models project a trajectory toward 1.47–1.50 by late 2026, predicated on the dollar's structural decline continuing and the BoE's hawkish bias supporting the pound. That path requires the dollar softness theme to persist and the UK inflation picture to keep the BoE from cutting — a combination that would push GBP/USD well above its current range toward multi-year highs.

The conservative camp sees depreciation. More cautious models, including those from major banks, point to gradual pound weakness toward 1.20–1.24 by 2030, citing UK structural concerns — sluggish growth, fiscal challenges, and the stagflationary backdrop. That longer-term bearish view rests on the UK's domestic problems eventually overwhelming the dollar-weakness tailwind, a structural rather than cyclical call.

The near-term forecasts are contingent on the triple-event window. The neutral-to-positive June outlook depends on how the UK CPI and BoE guidance shape expectations, with a continued softening of dollar strength providing the tailwind. Any re-escalation of Middle East tensions or a hawkish Fed pivot could cap the upside and push the rate toward the lower end of the range. The forecasts cluster near current levels precisely because the catalysts ahead could break the rate either way.

For the forecast, the analyst split frames the stakes. The consensus sees the pound holding near 1.34 with a modest upward bias toward 1.357 by year-end, the bulls see 1.47–1.50 on dollar weakness, and the bears see eventual depreciation on UK fundamentals. The triple-event window is the near-term test: a dovish-Fed, hawkish-BoE combination validates the bulls toward 1.37, while a hawkish-Fed, dovish-BoE combination pressures the rate toward 1.33.

The Roads Out of the Triple Event

The forecast resolves into a matrix of outcomes across the three catalysts. The bullish road: a soft-to-firm UK CPI that supports the hawkish MPC faction, a dovish Fed dot plot that weakens the dollar, and a BoE hold with a hawkish split and guidance pointing toward a July hike. That combination lifts GBP/USD through the 1.35 resistance toward 1.37, with a break above confirming the recovery has legs and targeting the bullish forecasts.

The bearish road: a soft UK CPI that revives the dovish case and keeps a cut alive, a hawkish Fed dot plot that strengthens the dollar, and a dovish BoE hold with the doves dominant. That combination breaks the pound below 1.33 toward the 1.3182 March low, with a break there exposing the June range floor near 1.303. The dollar strength and the dovish BoE would compound the downside.

The mixed roads are the more likely outcomes. A dovish Fed paired with a dovish BoE would leave the pound range-bound, with the dollar softness offsetting the BoE caution. A hawkish Fed paired with a hawkish BoE would also be a wash, with the dollar strength offsetting the BoE support. The cleanest directional moves require the Fed and BoE to diverge — a dovish Fed against a hawkish BoE for the upside, a hawkish Fed against a dovish BoE for the downside.

The probability lean is genuinely balanced. The dollar softness theme and the BoE's hawkish faction tilt the pound's structural bias modestly higher, but the hawkish-leaning US data and the soft April UK CPI create offsetting risks. The base case is the pound holds its range near 1.34, with the triple-event window producing volatility rather than a decisive trend — unless the Fed and BoE diverge sharply, in which case the move could be sharp in either direction.

The Levels That Decide the Next Move

The map through the window is precise. On the downside, 1.33 is the first support — the level the pound has repeatedly tested and held — with the March 30 low at 1.3182 the next line and the June range floor near 1.303 the deeper support. A hawkish-Fed, dovish-BoE combination that breaks 1.33 targets 1.3182; a break there opens 1.303. On the upside, the 1.35 moving-average cluster is the first ceiling, the 1.37–1.38 zone is the upper range target, and a break above 1.37 confirms the recovery toward the bullish forecasts.

The catalysts to watch in sequence: UK May CPI this morning sets the BoE's input — a hot print toward 3.1% supports the pound, a soft one pressures it. The Fed dot plot at 2 PM sets the dollar — a hawkish median pressures the pound, a dovish one supports it. The BoE decision tomorrow closes the window — a hawkish split and guidance support the pound, a dovish hold pressures it. Each event conditions the next, and the pound's path is the sequence.

The confirmations beyond price: the dollar index is the fastest tell on the Fed reaction — a break higher signals a hawkish dot plot that pressures the pound, continued softness supports it. The BoE vote split is the domestic tell — multiple members voting for hikes is hawkish and pound-supportive, a unanimous dovish hold is bearish. And UK gilt yields and swap rates will signal how the market reads the BoE's guidance after the decision.

The structural backdrop stays constant: a soft dollar as the dominant 2026 theme, a BoE with a hawkish faction pushing for hikes, UK inflation that eased to 2.8% but is projected to rise, and the oil collapse that could ease that inflation within weeks. The triple-event window decides the near-term direction, but the dollar softness and the BoE's hawkish tilt are the structural forces supporting the pound near 1.34.

The bottom line for the forecast is unchanged from the open: GBP/USD near 1.342 sits in the eye of a three-catalyst storm, where the Fed dot plot sets the dollar, UK CPI sets the BoE's input, and a divided MPC's hold-versus-hike debate sets the pound. The Fed rate is a lock; the BoE rate is a lock; the dots, the CPI, and the vote split are the variables. The pound breaks toward 1.37 on a dovish-Fed, hawkish-BoE combination or back toward 1.33 if the dot plot tightens and the BoE stays dovish. Three catalysts, two central banks, 48 hours — and the first domino falls at 2 PM.

That's TradingNEWS