by Julian Benson | Jun 12, 2024
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. GBP/EUR: the past year 1 Min 5...
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by Julian Benson | Jun 12, 2024
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 hold steady at 3.4% in May,...
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by Julian Benson | Jun 12, 2024
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. The British economy stalled in April 2024, in line with...
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by Jonathan Cook | Jun 11, 2024
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 will come down before...
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by Jonathan Cook | Jun 11, 2024
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 poll yesterday. The euro is...
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