Brexit and European Election Will Drive the Market

Daily Update – 23rd May 2019

Yesterday's Focus

• EUR ECB’s President Draghi Speech
• GBP Consumer Price Index
• USD FOMC Minutes

Yesterday's Explained

Political chaos undermined the Sterling as starting early London, news made the rounds about the end of PM May's leadership, amid discontent over the 'new' Brexit deal May would present next Friday

Brexit stole the show this Wednesday, leaving the EUR/USD pair confined to familiar levels with the range exacerbated by the lack of relevant news. Indeed

Today's Market

• EUR Markit Manufacturing PMI
• USD Jobless Claims Report
• USD New Home Sales

Today’s Focus

The UK won't be releasing relevant data this Thursday, although Pound traders will have more than enough with Brexit-related headlines.

The European macroeconomic calendar will be quite busy this Thursday, offering German Q1 GDP

The US session will bring the usual weekly unemployment figures, New Home Sales.