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May 2016

Markets range bound to start the week

Published: Monday 16 May 2016

Markets range bound awaiting the news from the Central Banks minutes later in the week.
The RBA should provide some insight to whether we’ll see any further rate cuts this year when their minutes are released this morning. UK inflation figures tomorrow are likely to cause a muted response due to shadow of Brexit.
The FOMC minutes tomorrow will be closely monitored for indications of whether we’ll see an interest rate hike in June.
Latest FX news by Charlie Horsley