MARKET UPDATE 12 – MAY – 17

The last update on our economic calendar.
The Bank of England maintained their interest rate at 0.25%
The U.S producer price index data on Thursday showed that it rebounded more than expected last month, leading to the biggest annual gain in five years and suggesting that inflation pressures were rising.
Investors will get a fresh read today with U.S. retail sales and inflation.
Political intrigue continues to roil Washington two days after the president abruptly fired the head of the FBI. The path for interest rates will remain a major focus amid growing bets for a Fed increase in June.
U.S. political turmoil will have an effect on investors’ appetite for risk and future expectations.

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