Bloomberg Market Wrap 5/3: Inflation, Manufacturing and Pound

The video discusses market trends, focusing on inflation expectations and the Fed's influence. It highlights traders' confidence in stable inflation rates and analyzes ISM manufacturing data alongside S&P 500 trends. The impact of Brexit and recent UK elections on the British pound is also examined, noting significant currency movements and political implications.

What impact did the local elections in the UK have on the currency market?

What are the implications of Brexit on the British pound as discussed in the text?