As Temperatures Rise, Europes Economy Shows Signs of Cooling

OVERVIEW The service sector PMI in Europe disappoints as activity tails off as we approach the end of the second quarter Sterling rallies helped by interest rate expectations that UK interest rates may go higher sooner rather than later Bank of Mexico raises interest rates to 7% The US dollar sidelines while market waits for inflation data next week Canadian inflation data disappointed by growing by just 0.1% in May and 1.3% y/y forcing the Canadian dollar to drop 0.5% in value HIGHLIGHT

Source: XE news feed
As Temperatures Rise, Europes Economy Shows Signs of Cooling