| Hello Reader, | Euro gives up early gains |
- Euro held upper hand for much of European session yesterday, but couldn’t sustain gains and opens this morning lower...
- PMIs for May in EZ,UK and US move off recent lows, suggesting downturn may have bottomed out....
- New US weekly jobless claims continue to fall...
- Softer euro sees EUR/USD in lower half of $1.09-1.10...
- EUR/GBP at 89.5p mark....
- GBP/USD remains close to $1.22 threshold...
- This morning, confirmed UK retail sales plummeted in April....
- Little else out to be of markets in the day ahead...
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