FXStreet (Barcelona) – The Rabobank Team previews the key events and data releases ahead in the day – Bank of England policy meeting, US initial jobless claims data.
Key Quotes
“In terms of policy decisions there is no reason why today’s Bank of England meeting should produce any excitement. Recent UK economic data are suggesting that the pace of economic expansion may have moderated, we don’t see a rate hike before May 2016 and the money market is currently anticipating that steady policy could prevail until next summer. In terms of format, however, the MPC have been trailing a new system which from August will allow for the publication of the minutes alongside the policy decision. Today’s minutes won’t be available until June 17.”
“While the main focus is set to remain on fresh news regarding Greece, the Eurozone will publish retail PMI for May.”
“Ahead of crucial US labour data scheduled on Friday, the market expects initial jobless claims to fall to 278k in the week ending May 30 from 282k previously.”
(Market News Provided by FXstreet)