Wednesday has not too many economic indicators data to provide volatility although the Reserve Bank of New Zealand and the European Central Bank President Mario Draghi’s speech will drive the market. Greenback and shared currency traded mixed against its peers yesterday, however, sterling moved slightly higher versus its G10 counterparts.
Sterling Moved Slightly Higher; BoE Meeting Tomorrow
The British pound has been traded higher against most of the G10 currencies, as British BRC retail sales monitor impressed with an expansion of 5.6% in April, compared to the same month a year ago, versus a decline of 1% the previous month. Later in the day, the RICS housing price balance for April is coming out, while the Bank of England will meet tomorrow to revise its monetary policy. The minutes will be published directly, while the central bank will also release its quarterly inflation report.
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