Daily Update – 22nd May 2019
GBP UK Prime Minister Theresa May Speech USD Existing Home Sales Data released this Tuesday also played in favor of a recovery, as EU's May preliminary Consumer Confidence improved by more than anticipated. Dollar's strength was the result of comments from US Fed's Chief Powell, who cooled down expectations of an upcoming rate cut in the US in a speech offered late Monday. PM May surprised the markets this Tuesday by announcing a new Brexit bill, which details will be unveiled in the next few days Wednesday's macroeconomic calendar will include a speech from ECB's Draghi and the release of the latest FOMC Meeting's Minutes, while UK will release April CPI figures, with annual core inflation. This last could pass unnoticed after the most recent words from Powell and the already digested 'patient' stance of US policymakers. Yesterday Focus
Yesterday Explained
Today's Market
Today’s Focus