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Spain’s Rajoy: Sanchez set to be new Prime Minister - Bloomberg

Bloomberg is out with the latest headlines, citing that Spain’s Prime Minister (PM) Mariano Rajoy accepts defeat in the no-confidence motion vote that is set to take place at 0900 GMT.

Rajoy said that Pedro Sanchez set to the new Spanish PM while adding that it has been an honor to be the Spanish Prime Minister.

Spain's MPs are due to vote on a motion of no confidence against Prime Minister Mariano Rajoy, following a huge corruption scandal involving the governing party.

UK manufacturing PMI rebounds to 54.4 in May, a positive surprise

The manufacturing sector activity in the UK economy rebounded in the month of May, surprising the markets to the upside, the latest data from Markit r
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GBP/USD still below 1.3300 post-PMI

The Sterling remains on a soft note at the end of the week, taking GBP/USD to the 1.3280 region despite the upbeat print from the manufacturing PMI.
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