Morning Market Update – Pound continues to fall

Japan Money Supply M2+CD (YoY) was registered at 3.9% and went down below the forecasted values (4.3%) in May. The Australian dollar saw a decline with the Australia Investment Lending for Homes dropping down from a previous a value of 0.8% to -2.3% in April. Australia’s Home Loans was registered at -1.9% and went down below the expected values (-1%) in April.

China’s Consumer Price Index (YoY) was in line with the expected values (1.5%) in May and China’s Producer Price Index (YoY) went down below the expected values (5.7%) in May: Actual (5.5%). China’s Consumer Price Index (MoM) was registered at -0.1% and went above the forecasted values (-0.2%) in May.

In the UK election, 600 seats were declared out of 650 seats, out of which Conservatives took 287 seats and Labour took 249 seats. Germany’s imports and exports showed a slight downfall but there is some recovery with the Trade Balance figures. Italy’s Unemployment rate showed some decline with the recent releases. The Pound continues to fall with the election polls. In addition, the data releases did not favor them with the Manufacturing Production Rate and Industrial Production Rate falling short of expectations.
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