Market Comment - 27th May 2022

Posted by Stuart PritchardMay 27, 2022

Good morning,

There doesn't seem to be a lot of positive business news out at the moment. Yesterday saw the Chancellor, Rishi Sunak, make a number of U turns as he delivered his support package for those most affected by the rising cost of energy. The headline is "Sunak appears to be back in "whatever it takes" mode". This would indicate there may be even more to come in the form of help for those in the worst position regarding rising prices.

With respect to exchange rates things remain relatively static with no real movement either direction. Today only sees a smattering of scheduled news so there's no real expectation that this will change. Only a global news story would cause any volatility.

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

EUR: 12:35 ECB Philip Lane's Speech

US: 13:30 Personal Spending

US: 15:00 Michigan Consumer Sentiment Index

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