Eurozone PMI and UK CPI in focus today – Danske Bank
|In the euro area analysts at Danske Bank expect the PMI, which has moderated recently, to yield another 'softer' reading across countries.
Key Quotes
“It will be interesting to follow the manufacturing PMI and see the potential impact of the spill over of the ongoing trade spat in the US. So far, we expect it to be relatively benign.”
“In the UK, CPI figures for April are due out. Inflation is falling back towards 2%, as the impact of GBP depreciation fades. How fast it falls back will be an important factor for how fast the Bank of England tightens monetary policy.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.