US PMIs, new home sales, Beige Book and Waller highlight the agenda ...Middle East

I don't think that economic data or central banks speak will be what derails that today but it will offer some important clues about what's happening in the real economy. Sentiment has been struggling and that's likely to continue with the US April flash PMIs from S&P Global. Those are out at 9:45 am ET and 15 minutes later we get the latest report on new home sales.

For GBP traders, The BOE's Bailey speaks at 12:30 am ET and Breeden speaks at 2 pm ET.

For more, see the economic calendar.

This article was written by Adam Button at www.forexlive.com.

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