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May 21st Market Updates

GBP/EUR fell by 0.15% yesterday after opening at 1.1410, it traded a high of 1.1428, a low of 1.1385 and closed at 1.1395.
GBP/USD fell by 0.05% after opening at 1.2732, trading a low of 1.2714 and closing at 1.2696.
Chancellor Philip Hammond is to warn prospective Conservative leadership contenders against “hijacking” Brexit by “knowingly inflicting” a damaging no-deal Brexit on the economy. (BBC News)
As Theresa May prepares to discuss her Brexit plan with the cabinet, No 10 has promised a “bold, new offer” to win over Labour MPs.
SNP leader Nicola Sturgeon has said her party has been the most consistent anti-Brexit voice during the European election campaign.
US Fed Chair Powell says business debt is rising but does pose not a threat to the system.
Huawei’s use of Google’s Android mobile platform has been limited by Google. The tech giant have stopped user of Hauwei’s devices from using Google apps such as YouTube.

Overnight

GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8459, 1.9502 and 139.74, respectively.

Today

There is little in the way of economic data today.
GBP/USD is down -0.22% this morning and and GBP/EUR is down 0.07% at the time of writing.

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