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Summary

US Market Update – The dollar perked up following the mix of data, where a soft, but not as bad as expected Durable Goods report, and a higher than expected revised Q1 GDP print gave dollar bulls some support. Sterling has continued to suffer, with Cable at its lows and showing a 1.1% loss on the day. The pound is down by 1.6% versus the yen, and by 0.9% versus the euro.  A YouGov poll showed that the Conservative Party lead has slipped to just 5 percentage points ahead of the June-8 general election. The June-19 start date for Brexit negotiations is also starting to sharpen markets risk awareness.

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