Euro under moderate pressure following Macron’s victory in France – Lloyds Bank

The research team at Lloyds Bank explains that the euro, along with the pound, has outperformed over the past month, but it is under moderate pressure following Macron’s victory in France which was almost fully anticipated.

Key Quotes

“There is little in the calendar to drive the euro or sterling today. The euro will await ECB President Draghi’s appearance tomorrow, while the latter will focus on the Bank of England’s new economic projections and Governor Carney’s press conference on Thursday. US attention remains on Fed speak, with Fed funds futures pricing a June hike, but showing lower conviction levels for expectations of further tightening in the second half of the year.”