Major overnight headlines:
• UK Index of services up 0.2% m/m in April versus 0.1% expected, March figures revised down
• UK Nationwide house prices rise 1.9% y/y in June versus 2.1% expected, fastest gain since late 2010
• German press reports ECB considering QE-style bond buys, Bloomberg
• ECB’s Asmussen says any QE discussions at ECB are not “policy relevant”, Bloomberg
• Japan CPI falls 0.3% y/y in May versus a fall of 0.4% expected
• Japan industrial production rises 2.0% MoM in May versus a rise of 0.2% expected
• German retail sales rise 0.4% YoY in May versus 0.2% expected
• French consumer spending rises 0.5% in May versus a fall of 0.1% expected
• Swedish retail sales rise 0.8% MoM versus a rise of 0.3% expected
Read the full report: FX Daily
BMO