Last week:GBP

• Brexit Party sweep home in European Elections (32% of the vote)
• Pro-EU Lib Dems second with 20% of the vote
• Boris Johnson was summoned to appear in court over Brexit referendum comments
• Brexit continued to weigh on the car production industry, with production falling to 44.5% YoY; sharpest fall in 10 years

EUR

• The ECB’s May Financial Stability Report was released
• Detailed a period of slow growth in the Eurozone
• Main contributing factors are Brexit tensions, global trade tensions and weak performance by Germany

Week ahead:EUR

• GDP (YoY) & (QoQ) for Q1; 1.2% and 0.2% respectively
• Consumer Price Index (YoY); 1.3% against previous of 1.7%
• ECB Interest Rate Decision; expected to remain at 0%

USD

• ISM Manufacturing PMI (May); 53.3 against a previous of 52.8
• Average hourly earnings; staying at 3.2%
• Nonfarm payroll; 190k jobs created against a previous reading of 263k
• ISM non-manufacturing PMI (May); staying at 55.5