Archive for May 26th, 2017

Foreign Exchange Insights and Next Week

Next Week

May 26, 2017

Numerous Holidays: U.S. Memorial Day and late spring bank holiday in the U.K. on Monday. Dragon Boat Festival in China (May 28-30) and Hong Kong (Tuesday). Pancasila Day in Indonesia on Thursday and Italy’s Republic Day on Friday. Central Bank Action: Policy meetings in Israel and Brazil. Release of Federal Reserve Beige Book and Bank […] More

New Overnight Developments Abroad - Daily Update

Soft Tone in Sterling, Sovereign Debt Yields, Oil and Stocks

May 26, 2017

Sterling fell 0.7% against the dollar overnight in response to a new poll showing just a 5-point spread between Prime Minister May’s Conservatives and the Labor Party; the spread earlier had been over 20 points. Britain’s parliamentary election is scheduled for June 8. Sterling declined more sharply against several other currencies, as the dollar is […] More