Powell Butters Us Up for a September Cut
- Category: EUR
Federal Reserve Chairman Jerome Powell has laid the groundwork for a cut to interest rates in September.
Work has already begun to improve the UK's Brexit deal with the EU as the new Labour government pursues closer ties with the EU. Analysts at Barclays say this can help shrink the Pound's 'Brexit premium'.
The Euro is set for volatility as France throws up a significant surprise: the left came first in France's legislative elections.
Pound Sterling has been unfazed by the Labour Party's massive election win overnight and analysts say they remain constructive on the currency's outlook.