Market insights

European Inflation Alert - MI310524

The Eurozone reports its inflation figure this morning.

Analysts are expecting annualised growth of 2.8%.

This could be pivotal for GBP/EUR which is still treading water near year highs.

With German retail sales way off expectation there are a number of factors coming into play now for central banks as we head into the Summer interest rate decisions.

Will there be the expected cuts or is it all just smoke and mirrors?

European inflation isn't the only big news today. Over the pond there's personal income and expenditure data, so the Dollar could also be bumpy today.

Going into the weekend things calm down until the early hours of Monday when there's key Chinese manufacturing data released.

Business news continues on the election theme with Labour pledging big investment into green energy with the formation of a new national company called Great British Energy and initially funded by an aggressive windfall tax on energy companies.

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Economic calendar

EUR: 10:00 Inflation Report

US: 13:30 Personal Income and Expenditure

CHN: Monday 02:45 Caixin Manufacturing PMI

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

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