GBP

UK May final manufacturing PMI 46.4 vs 45.1 prelim

• Final reading released by S&P Global - 2 June 2025

UK April mortgage approvals 60.46k vs 63.00k expected

• Latest data released by the BOE - 2 June 2025

UK May Nationwide house prices +0.5% vs +0.1% m/m expected

• Latest data released by Nationwide Building Society - 2 June 2025

Morgan Stanley forecasts 9% dollar drop by mid-2026 on 175bp Fed cuts, and slower growth

• Morgan Stanley forecasts EUR/USD to 1.25

BoE’s Taylor: Higher inflation not coming from demand and supply pressures

• Bank of England

GBPUSD stretches to a new session low.

UK May CBI retailing reported sales -27 vs -8 prior

• Latest data released by CBI - 27 May 2025

UK launches £3 billion plan to train locals, cut foreign worker reliance

• Aimed at creating 120,000 new training places

UK BRC Shop Price Index for May 2025: -0.1% y/y (expected –0.1%, prior –0.1%)

• UK - British Retail Consortium (BRC) data

GBPUSD extends above 2024 highs & highest levels since 2022; new weekly swing target eyed

• GBPUSD breaks out above multi-year resistance; eyes next swing zone while watching key short-term support for signs of fatigue

Reminder - UK and US holidays today, Monday, May 26, 2025 - markets closed

• Its Spring Bank holiday in the UK and Memorial Day in the US

UK April retail sales +1.2% vs +0.2% m/m expected

• Latest data released by ONS - 23 May 2025

UK consumer confidence improves a little in May, still deeply pessimistic at -20

• GfK's consumer confidence index -20 in May from -23 in April

GBPUSD spends the day waffling up-and-down in a narrow range

• The price does stay below old swing highs before this week

UK May flash services PMI 50.2 vs 50.0 expected

• Latest data release by S&P Global - 22 May 2025