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Perhaps the biggest event risk of the summer looms in late June with leaders from the U.S. and China set to discuss their trade conflict at the G-20 summit in Osaka.
Sterling will remain dogged by the ongoing political melee as UK PM Theresa May steps down. The probability of a Eurosceptic being elected will increase the chance of a hard Brexit or so-called “no-deal”.
Brexit, Italian budget disputes, the German economy and ECB guidance will all be key drivers of euro volatility in June. with the currency likely to remain at risk of another fall this month.
To understand more about the market outlook or to review your risk management strategy, contact us now on 0800 096 1225 or at ukdealers@westernunion.com.
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