England woke up deflated this morning, having almost secured a possible bank holiday with their first Euros win after Spain narrowly clenched the lead and the tournament. In more positive news, the UK has continued to see better economic recovery, with last Thursday's Q2 GDP, which was previously forecast at 0.2%, came in higher at...
Labour secures a historic victory in the UK general election, leading to significant market optimism and policy shifts. Meanwhile, France faces political uncertainty post-election, and the US economy shows signs of cooling with crucial data releases ahead.
It was great to see the England football team's strong start at the Euros last night! Outside of the usual moral boost successful sporting events have, according to a report by Voucher Codes, the tournament is expected to provide a £2.75bn boost to the UK economy, from food and drink sales to electricals, souvenirs, and garden cooking. Last week was eventful - regarding both currency volatility and the...
It was great to see the England football team's strong start at the Euros last night! Outside of the usual moral boost successful sporting events have, according to a report by Voucher Codes, the tournament is expected to provide a £2.75bn boost to the UK economy, from food and drink sales to electricals, souvenirs, and garden cooking. Last week was eventful - regarding both currency volatility and the...
It was great to see the England football team's strong start at the Euros last night! Outside of the usual moral boost successful sporting events have, according to a report by Voucher Codes, the tournament is expected to provide a £2.75bn boost to the UK economy, from food and drink sales to electricals, souvenirs, and garden cooking. Last week was eventful - regarding both currency volatility and the...
Sterling finished on a high at the end of May, as we saw GBP/EUR touch a peak of 1.1780, representing the highest levels since August 2022. However, this still suggests a resistance level, as the pairing reached very similar levels last summer and could indicate it needs a significant market event to push past this psychological position. The pound was up against most other major currencies, including the...
Sterling finished on a high at the end of May, as we saw GBP/EUR touch a peak of 1.1780, representing the highest levels since August 2022. However, this still suggests a resistance level, as the pairing reached very similar levels last summer and could indicate it needs a significant market event to push past this psychological position. The pound was up against most other major currencies, including the...
The most significant news in the UK last week was Rishi Sunak's unexpected move to call a snap election on 4th July. Speculation that the election would happen in the autumn meant the announcement caught many by surprise, sparking a wave of curiosity about the underlying reasons. The first potential answer could be related to the inflation data released the day before. Sunak pledged to...
The pound ended the week with more positive momentum to the upside against both the euro and the US dollar. Sterling gained 1.5% versus the USD and is currently sitting towards the upper levels of recent trading ranges with both the dollar and the euro. The pound appeared to benefit from a more stable outlook on interest rate policy in comparison to the dollar, becoming more favoured by investors towards...
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