The published Minutes of the FOMC session left a bad taste in the mouth of traders, as weak comments from committee members raised doubts about the reality of the June rate hike. Markets will be sensitive to the data from the US and will be guided by them. Next, we’ll look at the key publications for today.
Among the first to come out preliminary data on GDP (q/q) of Great Britain. Given the recent strength of the pound sterling, this publication can cause market volatility. This indicator reflects the change in the value of goods and services produced in Britain, and is the primary indicator of the economic health of the country. If it exceeds expectations, the pound sterling rate will rise. Against the backdrop of a disappointing report, the British currency may fall and lose yesterday’s levels. Continue reading