As the UK braces itself for a heatwave, the race for the next Prime Minister heats up ahead of TV debate. GBP has steadily trended lower. BoE still anticipates that inflation will hit double digits before peaking.
As the UK braces itself for a heatwave, the race for the next Prime Minister heats up ahead of TV debate. The top 5 contenders of Rishi Sunak, Liz Truss, Penny Mordaunt, Kemi Badenoch and Tom Tugendhat will partake in a debate on Friday at 7:30pm UK time. The race of 5 will be down to 2 on Thursday next week as the question of who will be the next PM, becomes clearer.
Pound Sterling has steadily trended lower despite the dollar recent surge, which suggests that we could be seeing a slowdown in the bearish narrative surrounding sterling. Surprisingly positive year on year GDP for May could very well be the reason for the pound’s resilience against the dollar. The however, appears to have staged somewhat of a comeback vs the pound while risks mount for the single market currency next week.Next week we see a plethora of EU focused data with EU inflation, the
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