Euro zone money markets now price in around 50% chance of 10 bps ECB rate cut by year-end

According to Reuters, eurozone money markets are now pricing in around 50% probability of a 10 basis points rate cut by the ECB before the end of the year compared to 40% chance reported last week.

EUR/GBP recedes from recent highs, back around 0.8850

The continuation of the bid tone around the shared currency is propping up the daily gains in EUR/GBP around the mid-0.8800s. EUR/GBP upside faced res
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US: ISM manufacturing index likely to decline to 52.5 in May - TDS

Analysts at TD Securities are looking for a modest decline in the US ISM manufacturing index to 52.5 (market: 53.0) in May as they expect trade-relate
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