The spike in U.K. CPI will likely please the Bank of England and keep markets betting on early stimulus removal, says Citi's Head of G10 FX strategy Valentin Marinov. This, along with the weak July ZEW survey, makes EUR/GBP a buy. However, Mr. Marinov says the negative shift seen in market sentiment toward GBP/USD is here to stay, and he would sell on rallies going into this afternoon's U.S. events (retail sales, Yellen). Further out, Mr. Marinov says the risk going in the September Scottish referendum could discourage the market from buying GBP/USD. GBP/USD now at 1.7140, EUR/GBP 0.7929.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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