Sterling slumped on Friday as a downward revision to UK Q2 GDP reduced the odds of the Bank of England (BoE) looking to make any adjustments to intere
Key Data for Today 12:00pm EUR Euro-Zone Consumer Confidence 12:00pm USD Mortgage Data 03:30pm USD Crude Oil Inventories
Next key data for the ECB will be the June 14th Meeting, Will we hear of clues on future policy meeting.
The pound weakened after the publication as the weak growth reading has lowered the possibility of the Bank of England moving ahead with a rate hike at its meeting on May the 10th.
Sterling under pressure due to Brexit uncertainty and weak economic data! US Fed on hold for now but more rate rises ahead later in the year. Euro zone economic data could be starting to slow - Data being watched closely in the coming weeks for more signs.
GDP drops = rate hike off, for now.