ECB at G7, UK PMI Releases, and RBNZ Governor’s Speech

Written by

Anthony Bull

Daily Currency Update

ECB at G7, UK PMI Releases, and RBNZ Governor's Speech

ECB at G7, UK PMI Releases, and RBNZ Governor’s Speech

EUR: Christine Lagarde and Fabio Panetta will be speaking at the European Central Bank this morning at the G7 Finance Ministers and Central Bank Governors meeting in Stresa. Watch for market-moving announcements or policy hints impacting the Euro and European markets.

GBP: The focus today is on the UK’s MI releases at 9:30

AM. The S&P Global/CIPS Composite PMI is expected at 54, down slightly from 54.1. The Manufacturing PMI is forecasted to rise to 49.5 from 49.1, and the Services PMI is projected at 54.7, a slight dip from 55. A higher number could boost the pound, while a lower one may indicate continued struggles.

NZD: Later tonight, New Zealand’s Reserve Bank Governor Adrian Orr will speak at a business breakfast in Queenstown. He’ll be discussing the May Monetary Policy statement.

GBP/USD: Pair is holding steady above 1.2700 following unexpected inflation news yesterday. Key focus today will be on the UK’s PMs, set to be released later. Currently,

the nair is trading at 1 2726 at the time of writing

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