Spanish Spotlight Intensifies

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Market concerns surrounding Spain’s fiscal situation failed to abate, as the cost for insuring Spanish debt rose to an all-time high yesterday. Against this backdrop, market participants will keenly eye the outcome of Spanish short term bond auction and European sentiment indices due later today. Across the Atlantic, retail sales for March surprised market participants on the upside yesterday and led gains in high yield currencies. Today’s industrial production and housing data are expected to garner some market interest.

At home, consumer price inflation rose to 3.5% for March, still below the BoE’s 2% target. This has shifted focus onto tomorrow’s minutes of the BoE’s latest policy meeting.

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Spanish Spotlight Intensifies

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