Brexit Developments Take Centre Stage on Light Day for Economic Events

At 10:30 GMT, ECB Vice President Victor Constancio is due to deliver his closing remarks as he leaves his position with the Bank. EUR pairs may be influenced by this event if monetary policy is discussed. At 12:30 GMT, US Continuing Jobless Claims (May 4) is expected to be 1.78M against 1.79M previously. Initial Jobless Claims (May 11) is expected to come in at 215K against 211K previously. This data is showing a continuing increase in the number of new claims, but continuing claims have stabilized somewhat. Philadelphia FED Manufacturing Survey (May) is expected to be 21.0 against 23.2 previously. This data is stable if slightly tilted downward, after reaching highs in early 2017. USD crosses could see an increase in volatility from this data release. At 14:30 GMT, the Bank of Canada Review will be published, giving an insight into central banking and the Canadian economy. CAD pairs may be affected by this. At 14:45 GMT, FOMC Member Kaskari is due to speak at a scheduled event. USD crosses could see spikes in volatility during this event. At 16:00 GMT, UK MPC Member Haldane is due to deliver closing remarks at the Economic Statistics Centre of Excellence Conference on Economic Measurement, in London. GBP crosses may be affected by any comments made. At 17:30 GMT, FOMC Member Kaplan is due to speak at a scheduled event. USD crosses may see spikes in volatility during this time.