by Julian Benson | Jul 9, 2024
French stocks suffered at political expense yesterday with the CAC 40 trading slightly down around 7,640. Investors continue to digest the shock result of a hung parliament as focus returns to who will govern France following a lack of majority for any party. GBP/EUR:...
read more
by Julian Benson | Jul 9, 2024
After falling to multi-week lows against sterling, the US dollar looks to Federal Reserve chair, Jerome Powell’s congressional testimony, due this afternoon, for support and guidance. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on...
read more
by Julian Benson | Jul 9, 2024
This morning, we heard that British retail sales fell by 0.5% year-on-year, reversing the 0.4% rise in May and missing expectations for a 0.2% gain. The British Retail Consortium suggested the cooler weather dulled consumer spending. GBP/USD: the past year 1 Min 5...
read more
by Julian Benson | Jul 8, 2024
Last week, the UK saw a major political shift with the appointment of our new prime minister. This change has already begun to impact the markets, with the pound experiencing notable fluctuations. The initial reaction saw GBP strengthen slightly against the euro and...
read more
by Jonathan Cook | Jul 8, 2024
US industry and labour data put the US dollar on the back foot to end last week. There’s still a bit of uncertainty as to what the numbers are telling us, but markets broadly interpreted them as a sign that the US economy was slowing. EUR/USD: the past year 1 Min 5...
read more
