Market insights

European Inflation Out Today -MI170524

The ECB is expected to be the first central bank to cut their base rate going into the Summer.

The inflation reading out this morning is expected to show 2.7% annualised growth which would match the previous month and indicate inflation may now be under control.

The report will be closely followed today. If the number comes in lower than predicted expect the Pound to strengthen versus the Euro and vice versa.

With most major currency pairs in a bit of a sideways pattern over the last 24 hours, that could turn on a sixpence later.

Then it's back to speeches from the FED although thus far, this week, the speeches have been somewhat benign with little impact.

Business news covers the recent downturn in the electric vehicle (EV) market. Although they may be tax efficient for company directors, the reality is still the same. Range anxiety and sharp depreciation remain under keen scrutiny.

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Economic calendar

EUR: 10:00 Inflation Report

US: Ongoing through the day - Speeches from the FED

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

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