Global FX Daily - Sell in May…optimism dominates despite ongoing tensions -BBVA Market Strategy

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2026/05/01

Global FX Daily – Sell in May…optimism dominates despite ongoing tensions

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- EUR underperforms as the ECB maintains its wait-and-see stance
- BoE on hold as members assess the tradeoff between growth and inflation
- The JPY outperforms as authorities intervene
- LatAm region on holiday on Friday
- BanRep surprises with unanimous hold; COP assets likely to weaken

Global FX Daily – Sell in May…optimism dominates despite ongoing tensions

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