by Jonathan Cook | Jun 10, 2024
French President Emmanuel Macron called a snap parliamentary election yesterday in response to a massive victory by the far-right Rassemblement National in European elections. Marine Le Pen’s party secured over 31% of the popular vote compared to just 14.5% for...
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by Christopher Nye | Jun 7, 2024
It’s Non-Farm Payrolls this afternoon. With all due respect to the fact that forecasting for these has been dreadful in recent months, NFP is forecast to rise slightly from its six-month low month. The big event next week is the Fed’s interest rate decision on...
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by Christopher Nye | Jun 7, 2024
Later this morning we will hear the eurozone’s GDP result for the first three months of 2024 and also hear more from the ECB’s Christine Lagarde. There isn’t a great deal on the data front from the eurozone next week, but the markets will be watching out for the...
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by Christopher Nye | Jun 7, 2024
We are coming into a period of big data, with unemployment and earnings on Tuesday and GDP on Wednesday. Although two weeks away from the Bank of England’s own interest rate decision, the decision from the US Federal Reserve could well have an impact on GBP. GBP/EUR...
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by Charles Purdy | Jun 7, 2024
The pound weakened yesterday as a quiet period for data from the UK continued, but the European Central Bank cut its interest rate for the first time since 2019. Sterling starts the day fractionally down on all major rivals, while the euro has taken the rate drop in...
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