Market Comment - 18th May 2022

Posted by Stuart PritchardMay 18, 2022

Good afternoon,

Today saw the UK release a whopping inflation rise of 9%. Although this was marginally the predicted 9.1% it further highlights the super hot price increases consumers are feeling at every turn. This led to an immediate weakening of the Pound versus the Euro and the Dollar, but not excessively so as the numbers were more or less in line with expectations.

As expected this has further exacerbated the onus on the cost of living situation which absolutely dominates business headlines today.

Looking ahead it's the turn of the Australian Dollar and New Zealand Dollar to be under the spotlight in the next 24 hours as Australia releases it's employment data and New Zealand releases it's budget in the early hours of Thursday.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today’s Economic Calendar

AUS: Thursday 02:30 Employment Change

NZ: Thursday 03:00 Budget Release

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