Belgian consumer sentiment index rises to 7-month high

Belgian consumer sentiment index rose to -19 in May from -22 in April, a 7-month high.

There is some correlation between this data and ifo German business sentiment, so the release bodes well for the next ifo release which comes May 25th.

It would appear few care about how the Belgian consumer is feeling. EUR/USD and cable have continued to sell-off.

Cable is at 1.5445. Technical supports now 1.5420/25 and 1.5400.