EU set to meet to discuss Russian sanctions; Consensus sees German CPI accelerating.
May 30, 2022
GBP/USD 1.2624 GBP/EUR 1.1743 EUR/USD 1.0750 USD/CAD 1.2699 EUR/CHF 1.0305 EUR/SEK 10.5185 EUR/NOK 10.1607 EUR/DKK 7.4390 USD/ILS 3.3253 AUD/USD 0.7175 NZD/USD 0.6537 USD/SGD 1.3675 USD/JPY 127.32 USD/CNH 6.6725 USD/INR 77.5363 EUR/ILS 3.5745 GBP/ILS 4.1977 USD/ZAR 15.5434
Downing Street looks to move ahead despite party-gate, currently only half the required number of conservative MPs have requested a no-confidence vote. This comes following reports that senior officials pressured Sue Gray to water down the report.
Meanwhile, the UK will grant working visas to graduates of top abroad universities, as part of its post-Brexit immigration policy.
The FTSE100 has opened higher by 0.3% up 23 points.EUR
German CPI data is set to be released today. The expectation is that new record highs will be achieved as inflation accelerates further this month.
German defence spending could surmount the NATO defined 2%, a once controversial issues during the Trump administration.
EURUSD trades higher by 0.12%, the STOXX trades higher by 0.9% as we print.USD
This week sees the Fed begin to reduce its balance sheet, beginning with as much as $47.5 billion per month.
Joe Biden visited Uvalde to meet families impacted by last week’s shooting. The DOJ is investigating the police response to the incident.ASIA/PACIFIC
Hong Kong will relax some covid-testing rules for arriving travellers, hinting at an improving situation across the Chinese mainland.
Pakistan is struggling to secure funding from the global bond market, making an IMF deal crucially important for the nation’s economic future.ILSUSDILS has seen substantial shekel strength in the early hours of today. The pair trades down -0.65% from its somewhat stable trading range last week.Data & Events
Euro-Area consumer confidence
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