Market insights

Market Comment - 15th May 2023

Good morning,

The Pound gave a lot back at the end of last week against the Dollar and the Euro. It was a tough end to the week which started with the Bank of England interest rate decision.

GBP/EUR could be moved later this morning with Eurozone industrial production numbers out.

Other than that it's all about the Dollar as there are 4 speeches through the day from members of the FED.

Early tomorrow sees the UK's unemployment rate where analysts are expecting a number at 3.8%.

Business news centres on the UK's ability to attract big investment or rather the lack of ability to do so. In the States there are huge tax breaks for new investment that some feel should be mirrored on this side of the pond.

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Economic calendar

EUR: 10:00 Industrial Production

US: 13:45 FED's Raphael Bostic Speech

US: 14:15 FED's Neel Kashkari Speech

US: 17:30 FED's Thomas Barkin Speech

US: 22:00 FED's Lisa Cook Speech

UK: Tuesday 07:00 Unemployment Rate

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

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