External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Over the past week, events in the UK have developed rapidly. Although Prime Minister Keir Starmer has not stepped down, the contest for the leadership continues.</li><li>News reports claim that this uncertainty has caused sterling to weaken.</li><li>In reality, sterling has declined against the US dollar since the end of last week but so has the euro. Both currencies have dropped by about 0.9% against the US dollar since 13 May (see graph on the left below). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Over the past week, events in the UK have developed rapidly. Although Prime Minister Keir Starmer has not stepped down, the contest for the leadership continues.News reports claim that this uncertainty has caused sterling to weaken.In reality, sterling has declined against the US dollar since the end of last week but so has the euro. Both currencies have dropped by about 0.9% against the US dollar since 13 May (see graph on the left below). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Weekly - Sterling and euro under pressure