Key stats included New Zealand 1st quarter retail sales figures, Japan’s April trade data and March core machinery orders. While any pickup in inflationary pressure will be positive for the Pound, the direction remains hinged on this week’s EU Parliamentary elections, Brexit and who’s next in line for the top job. We’ve yet to see any dire numbers from the U.S, but as the trade war continues, there may be some raised eyebrows among the more dovish FED members… At the time of writing, the Dollar Spot Index was down 0.05% to 98.013.