The British Pound may look past May’s UK CPI figures as another round of polls shows growing support for “Brexit” ahead of a pivotal referendum vote next week.
Next focus is on US Dollar retail sales. A bleak result may bolster speculation on a dovish posture at this week’s FOMC meeting and weigh on the US Dollar.
However, May’s dismal US jobs data has already triggered a sharp dovish shift in Fed policy bets. This may make for limited follow-through on a soft retail sales print as investors wait for Janet Yellen and company to confirm their suspicions later in the week.
Next focus is on US Dollar retail sales. A bleak result may bolster speculation on a dovish posture at this week’s FOMC meeting and weigh on the US Dollar.
However, May’s dismal US jobs data has already triggered a sharp dovish shift in Fed policy bets. This may make for limited follow-through on a soft retail sales print as investors wait for Janet Yellen and company to confirm their suspicions later in the week.
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