Today, elections in the UK – Onet.pl

Polling stations opened at 6:00 am local time, and the exit poll will be revealed at 22:00. But how do you put it very well yesterday one BBC journalist, yesterday was the “last day, before the actual day before the morning when you really start to happen for the next weeks ahead.” Probably not soon be clear what will shape the political scene in the UK and it will be a burden for the GBP. So far, the pound did not feel pressure as trade on crossach from EUR and GBP was more focused on the devaluated assets in the euro area and the analysis of mixed US data. But tonight is not excluded increase in market activity in the last minute with the prospect of perturbations in the coming days.

EUR / USD continues to march upward from breaking out above 1.13. The next day sell-off in European equity and bond markets takes its toll and inconclusive data from the US continues to encourage not to pokupować dollar. ADP report yesterday pointed in April to the lowest increase in employment in the private sector for over a year. This increases the risk of disappointment in the government data tomorrow, but still not inclined to revise our forecasts due to the low correlation in recent times ADP NFP. The consensus for change in nonfarm employment in tomorrow’s reading remains stable at 230 thousand. Today, attention will focus on the weekly report on the number of new applications for unemployment benefits (14:30). Data remains in a downward trend with record 262 thousand. the reported week before. Today is expected to ease the pace (prog. 278 thous.), Which does not change much on the market USD, which is decisive for tomorrow’s report from the labor market.

From the other items on Thursday’s calendar behind us already from Germany industrial orders and industrial production in France. The first came out less (0.9 percent. M / m, prog. 1.5 per cent.) And the other better (1.3 per cent., Prog. 1.1 per cent.), But the euro too much not to readings taken over. At 10:00 Norges Bank will publish its decision on interest rates. Expectations regarding the reduction or lack thereof are distributed almost equally. The 10 to 19-tu analysts expect to maintain its main interest rate at 1.25 per cent., And the remaining 9-cutting involves about 25 bp. We are leaning towards this second, waiting for the result of weaker NOK.