XE Market Analysis: Sterling and May Under Pressure

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OVERVIEW

  • Political concerns are weighing heavily on the Pound with Brexit risks increasing.
  • US Dollar is quiet so far, sentiment looks slightly soft due to tax reform doubts.
  • IMF says Europe’s growth is “stronger” and warns disruptive Brexit could result in “appreciably” lower growth. 
  • Central bankers gather in Frankfurt to discuss the global economy and inflation.
  • Global stock markets are lower, while oil prices have steadied near 2-year highs.

HIGHLIGHT