{"id":10272,"date":"2024-05-23T07:41:01","date_gmt":"2024-05-23T06:41:01","guid":{"rendered":"https:\/\/cambridgecurrencies.com\/?p=10272"},"modified":"2025-02-06T22:18:45","modified_gmt":"2025-02-06T22:18:45","slug":"ecb-at-g7-uk-pmi-releases-and-rbnz-governors-speech","status":"publish","type":"post","link":"https:\/\/cambridgecurrencies.com\/ecb-at-g7-uk-pmi-releases-and-rbnz-governors-speech\/","title":{"rendered":"ECB at G7, UK PMI Releases, and RBNZ Governor&#8217;s Speech"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" data-attachment-id=\"10273\" data-permalink=\"https:\/\/cambridgecurrencies.com\/market-comment-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?fit=1080%2C1080&amp;ssl=1\" data-orig-size=\"1080,1080\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Market Comment (6)\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?fit=700%2C700&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?resize=1024%2C1024&#038;ssl=1\" alt=\"ECB at G7, UK PMI Releases, and RBNZ Governor's Speech\" class=\"wp-image-10273\" srcset=\"https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/cambridgecurrencies.com\/wp-content\/uploads\/2024\/05\/Market-Comment-6.png?w=1080&amp;ssl=1 1080w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--40)\">\n<h1 class=\"wp-block-heading\">ECB at G7, UK PMI Releases, and RBNZ Governor&#8217;s Speech<\/h1>\n\n\n\n<p>EUR: Christine Lagarde and Fabio Panetta will be speaking at the European Central Bank this morning at the G7 Finance Ministers and Central Bank Governors meeting in Stresa. Watch for market-moving announcements or policy hints impacting the Euro and European markets.<\/p>\n\n\n\n<p>GBP: The focus today is on the UK&#8217;s MI releases at 9:30<\/p>\n\n\n\n<p>AM. The S&amp;P Global\/CIPS Composite PMI is expected at 54, down slightly from 54.1. The Manufacturing PMI is forecasted to rise to 49.5 from 49.1, and the Services PMI is projected at 54.7, a slight dip from 55. A higher number could boost the pound, while a lower one may indicate continued struggles.<\/p>\n\n\n\n<p>NZD: Later tonight, New Zealand&#8217;s Reserve Bank Governor Adrian Orr will speak at a business breakfast in Queenstown. He&#8217;ll be discussing the May Monetary Policy statement.<\/p>\n\n\n\n<p>GBP\/USD: Pair is holding steady above 1.2700 following unexpected inflation news yesterday. Key focus today will be on the UK&#8217;s PMs, set to be released later. Currently,<\/p>\n\n\n\n<p>the nair is trading at 1 2726 at the time of writing<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ECB at G7, UK PMI Releases, and RBNZ Governor&#8217;s Speech EUR: Christine Lagarde and Fabio Panetta will be speaking at the European Central Bank this morning at the G7 Finance Ministers and Central Bank Governors meeting in Stresa. Watch for market-moving announcements or policy hints impacting the Euro and European markets. GBP: The focus today [&hellip;]<\/p>\n","protected":false},"author":244711593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[97],"tags":[50518613,50518618,50518619,50518621,50518614,50518616,50518620,50518617,50518598,50518615],"class_list":["post-10272","post","type-post","status-publish","format-standard","hentry","category-market-insight","tag-ecb","tag-euro","tag-financenews","tag-forrextrading","tag-g7meeting","tag-lagarde","tag-marketupdate","tag-pound","tag-rbnz","tag-ukpmi"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfpkhv-2FG","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/10272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/users\/244711593"}],"replies":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/comments?post=10272"}],"version-history":[{"count":4,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/10272\/revisions"}],"predecessor-version":[{"id":28184,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/10272\/revisions\/28184"}],"wp:attachment":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/media?parent=10272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/categories?post=10272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/tags?post=10272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}