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What will Drive FX Markets Today

What will Drive FX Markets Today
What will Drive FX Markets Today

In old continent today investors await the UK retail sales data, to be released at 08:30GMT. The ECB Economic Bulletin will be released at 09:00GMT while the Eurozone Consumer Confidence will be released at 14:00GMT

In the American trading session the weekly Jobless Claims, the Philly Fed Manufacturing Index and Q1 Current Account will be released at 12:30GMT.  In Canada will be released the ADP Employment Change figures.

The New Zealand Gross Domestic Product, year on year, came in at 2.5%, better than analyst’s forecasts of 2.4% in first quarter 2019.

In Central Bank news we await the Bank of Indonesia interest rate decision.

Bank of England expected to leave its bank rate at 0.75% at 11:00GMT. The Bank Of England Governor Carney will deliver a speech at 20:00GMT.

Norges Bank policy meeting also is expected today with economists forecasting a 25 basis point interest rate hike.

Earlier today the Bank of Japan monetary committee left the interest rates unchanged as widely expected.