Eurozone PMI and UK CPI in focus today – Danske Bank

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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