The pound jumped by a full cent to 1.2898 after Brexit Party chief Nigel Farage said his party will not run in Conservative-held seats in next month's election so as to help result into a victory for the Conservatives and for Brexit (More below). China's consumer inflation hit 7-year highs, complicating the PBOC's decision to cut rates last week. CFTC positioning data showed growing CAD longs and EUR shorts. This week's market highlights include: UK jobs (Tues), UK and US CPI (Wed), Powell's Congressional testimony (Wed), RBNZ rate decision (Thurs), UK retail sales (Thurs) and US retail sales (Fri). Gold printed 1448, stopping us out at 1450. A new Charts analysis on gold has been sent to the Premium subscribers.