UK election
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GBP/USD forecast: Currency Pair of the Week – July 1, 2024
The polling will take place on Thursday, July 4, when the US is out celebrating Independence Day. So, don’t expect any fireworks in the markets on Thursday. Ruling Conservatives are trailing Labour badly in the polls. If Labour does win, it must maintain investors' trust while tackling unresolved economic issues facing the UK, for example the public debt-to-GDP being at a 63-year high.
UK, French Elections, US Employment and PMIs: The Week Ahead
It's possible we'll know who won the first round of France's election by the time markets open in Asia next week, which means the euro and European index futures could be more active than usual. Traders should then look to the pound and FTSE for pre-election jitters, although once again it could be Asian markets that get to witness the results. Despite the public holiday on Thursday, the US economic calendar is also packed. Two key ISM reports for manufacturing and services land before July 4th, alongside JOLTS and ADP employment reports, which are the warm-up acts for NFP on Friday.
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Weekly equities forecast: What a UK election could mean for stocks?
A UK general election will be held on July 4th. Since the announcement, the FTSE has fallen around 1%, and GBP remains well supported. In short, the market is calm about the prospect of Labour, which is ahead in the polls, winning power. This is because it is expected, and the policies aren't radically different from Conservative policies. The economy as a whole isn't expected to change its course and the timing of the BoE rate cut could be more of a market driver. That said, there are some policies that could affect specific sectors, which we consider below.
Liz Truss resignation: what happens next?
Liz Truss has resigned. The future of both the Conservative party and the UK government remains unclear. In the coming days, we’ll be finding out more information on the leadership contest and whether a general election could follow.
Liz Truss resignation: what happens next?
Liz Truss has resigned. The future of both the Conservative party and the UK government remains unclear. In the coming days, we’ll be finding out more information on the leadership contest and whether a general election could follow.
2022 Conservative Party leadership election: What’s at stake for the FTSE?
A surprise victory by Sunak could see stocks fall initially as hopes of an immediate dose of fiscal stimulus fade.
2022 Conservative Party leadership election: What’s at stake for the GBP?
Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency
2022 Conservative Party leadership election: Who will be the UK’s next PM?
Liz Truss appears to be the clear favorite over Rishi Sunak in early polling...
EUR/GBP Testing 2019 Lows
With today’s price action in Euro and Sterling, the next pair to look at is EUR/GBP.
Sterling Lower on Economic Data
For today’s most important data releases, the outcome was even worse than expected.
And Now Back to Our Regularly Scheduled Programming
Entering this past week, there were three very large elephants in the room.
Pound off highs after big win for Tories
This is, above all, because of profit-taking.
Conservatives Crush Labour In A Landslide Victory
Like him or loathe him, Boris Johnson is on track for the biggest election win since Margaret Thatcher, which is some feat given how polarised the Brexit debate has always been.
It's A Double Whammy For Risk Appetite On Trade And UK Elections
It's been a busy few hours for traders and journalists, with a phase one deal between US and China in the pipeline and exit polls predicting a landslide victory for the Conservative party in the UK election.