Political turmoil in France saw European stocks extend their losses for a third consecutive session on Tuesday. The Stoxx 50 and the Stoxx 600 lost around 1% following French president, Emmanuel Macron’s decision to call a snap election.
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This afternoon, the Federal Reserve is expected to keep the fed funds target range steady at 5.25-5.5% for a seventh consecutive meeting in June 2024. Other data this afternoon will include US headline inflation, which is expected to…
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The pound continued to climb against the euro yesterday following political uncertainty in France. Despite falling slightly towards the end of Tuesday, sterling remains over 1% higher than this time last week.
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Federal Reserve policymakers are now subject to the customary media blackout ahead of Wednesday’s interest rate announcement. That prevents us to getting any more insight on the direction of travel, but few are expecting any signals that rates…
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After the European elections, the single currency has become something of a political football juggled by anxious markets. As if France’s election wasn’t bad enough, even German Chancellor Olaf Schultz was forced to nix rumours of a snap…
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Sterling’s rapid ascent over the euro presents a window of opportunity. With the election coming up, it’s unlikely the pound remains at this level for long, but savvy buyers can capitalise on the best GBP/EUR rate in almost…
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The weekend’s political drama in Europe had a dramatic impact on the single currency to begin the week. The main beneficiary was the US dollar, which solidified last week’s gains over both the euro and the pound.
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Sterling shot up to another near-two-year high against the euro overnight, easily beating recent records. It follows a strong showing from the Eurosceptic, right-wing populist parties in the European Parliamentary elections. This has also prompted President Macron to…
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