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European elections dominate market movements

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🇬🇧 GBP – Sterling eased back yesterday from the highs seen on Wednesday, but managed to maintain a level close to the peak. Once again there was a lack of domestic data yesterday, but markets will remain sensitive to political risk in the coming weeks. Mark Carney’s speech last night contained no market moving commentary.

Today, UK Retail Sales are expected to be lower than the previous reading and this could harm Sterling. This figure has been unpredictable in the last few months and therefore, will be seized upon by traders once the result is published.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.