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Market Reports

8:25am, June 3rd 2019

Busy week which should see significant volatility…

The week ahead poses a number of challenges to a range of currencies. There’s something for everyone, from interest rate decisions to employment reports to monthly PMI numbers. We even have the official state visit of President Donald Trump to the UK.

Starting with the UK, this week will no doubt be a colourful one. On the data front we kick off with the usual monthly set of PMI figures. The numbers have not been impressive of late and it’s become clear the economy is continuing to struggle with the heightened uncertainty, following 2 months with very little progress on offer in respect to Brexit. Outside of the data and one of the key focuses will be a 3 day state visit from President Trump. He’s not shied away from weighing into the Brexit debate, stating that the UK should leave with no-deal and refuse to pay the divorce bill if the EU do not amend their proposal. Additionally, the following few days will certainly provide further detail on the Tory party leadership election with 13 candidates now in the running.

Elsewhere, US/China trade tensions will play a big part in this week’s trade. Talks have gone sour of late and have resulted in the 2 countries exchanging hostile remarks. The situation has put global stock and debt markets on edge as they await new developments. Further escalation could see markets return to full-volatility mode seen just before Christmas last year. Key data highlights include a European Central Bank monetary policy announcement where Mr Draghi will be expected to sooth markets with dovish rhetoric. The Reserve Bank of Australia are expected to cut rates at their meeting this week. There will also be the monthly employment report from the US on Friday.

Have a good week.

Written by Viv Savani. 8:25am, June 3rd 2019

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

8:28am, September 12th 2019

All eyes on the European Central Bank…

View Report
9:59am, September 9th 2019

Heavy week for economic data and events, volatility guaranteed…

View Report
8:41am, August 7th 2019

RBNZ surprise markets, another quiet day for economic data…

View Report


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