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Palladium price: Rare metals down at the start of the European session

Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $947.45 a troy ounce, with the XPD/USD pair easing from its previous close at $949.15.

In the meantime, Platinum (XPT) trades at $990.05 against the United States Dollar (USD) early in the European session, also under pressure after the XPT/USD pair settled at $992.25 at the previous close.

EUR/GBP loses ground below 0.8500, investors await BoE’s Ramsden speech

The EUR/GBP cross extends its downside to near 0.8490 during the early European session on Tuesday. The Euro (EUR) softens against the Pound Sterling (GBP) due to the dovish remarks from the European Central Bank (ECB).
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Spain Harmonized Index of Consumer Prices (YoY) unchanged at 2.2% in April

Spain Harmonized Index of Consumer Prices (YoY) unchanged at 2.2% in April
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