No Respite in Sight

tony nguyen

The after-shocks of the recent elections in the Eurozone continue to put pressure on high yield currencies. The impasse among Greek leaders to form a coalition government has spurred market speculation that the nation may exit the Euro-area bloc. With little on offer in terms of economic releases in Europe and the US, markets may respond to the news flow emanating from Greece in today’s trading session.

At home, like-for-like retail sales for April, as measured by the British Retail Consortium (BRC), surprised market participants on the downside earlier today and has turned focus onto the BoE’s monetary policy meeting scheduled tomorrow.

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No Respite in Sight

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