Major overnight headlines:
• Japan’s Abe affirms G8 leaders “appreciate” Abenomics, no concerns over Japan’s policy at G-8, Thomson Reuters
• BoE’s MPC votes 6-3 on QE in June, majority saw cost pressures as “more favourable”, Bloomberg
• Euro area construction output rises 2.0% m/m in April following a 1.8% fall previously
• EU official sees autumn 2014 as possible start for ESM bank recapitalisations, Bloomberg
Read the full report: FX Daily
BMO