News

News

Tuesday 28th May 2019

Good morning

 

Last Friday, Theresa May announced her resignation date as Leader of the Conservative Party and UK Prime Minister (7th June).

The Markets had already priced this in and there was little further movement from Sterling. GBP/EUR had already touched a 4-month low the day before at 1.1300 with GBP/USD also on a 4-month low of 1.2600.

 

Wednesday is the Canadian Interest Rate decision, with rates expected to be left unchanged at 1.75%.

 

Thursday is a bank holiday in Spain including, Switzerland, Sweden and Norway – for Ascension Day.

 

Have a great (shortish) week.