EUR: Lack of compromise

France’s outgoing PM hit out at the “lack of compromise” within the country’s political system. That seems like a fair characterisation, given he was tugged from both left and right-wing figures to make various concessions. As the blame game goes on, the euro will...


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GBP: Calm at last

Monday brought respite from the unpredictable swings the pound has grown accustomed to in the past month. Sterling strengthened by half a cent against both its main rivals, although that had more to do with events elsewhere than any signs of an economic recovery....


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Fresh crisis in France after PM resigns

French Prime Minister Sébastien Lecornu resigned on Monday amid open rebellion from both left and right-wing party members in parliament. Lecornu, who took over from François Bayrou less than 30 days ago, proved unable to force through an unpopular budget that would...


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Pound makes slow progress as bad news keeps coming

It was tough sledding again last week for the pound, which ended proceedings roughly where it began against the euro. That’s been the theme for several months, giving overseas buyers and investors alike a prolonged headache. Part of this can be explained by the bad...


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USD: No data comeback

The lack of data means the US dollar is more susceptible than ever to the rumours and whispers of investors. Those will grow following the release of FOMC minutes with little in the way of evidence to serve as a riposte should the dollar fall. EUR/USD: the past year 1...


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