The post British Pound: Political risks and Gilt reprieve – Societe Generale appeared on BitcoinEthereumNews.com.
Societe Generale strategists note that the recent selloff in Gilts has eased after long-end yields spiked to multi-year highs on fears of looser fiscal rules under a more left-wing Labour leadership. They highlight internal Labour Party dynamics, with several senior figures leaning left on spending and borrowing but favouring closer EU ties, while identifying Wes Streeting as the most market-friendly, fiscally conservative option. Gilts steady as Labour risks evolve “In the UK, the selloff in Gilts abated after the spike to multi-year highs in long-end yields over concerns for a loosening of fiscal rules under a more left-wing Labour party leadership.” “Health Secretary Wes Streeting could trigger a leadership contest as early as today and with Andy Burnham not in a position to contest, Angela Rayner indicated she may run after being cleared by HMRC of deliberate wrongdoing
The post EUR/GBP Price Forecast: Cross remains capped below Key SMAs despite tentative rebound appeared on BitcoinEthereumNews.com.
EUR/GBP trades choppy on Thursday, with the British Pound (GBP) modestly outperforming the Euro (EUR) on the back of resilient UK economic data, while traders also assess growing political noise in the United Kingdom. At the time of writing, the cross is trading around 0.8659 after touching an intraday high of 0.8668 earlier in the day. The UK economy expanded by 1.1% YoY in the first quarter of 2026, accelerating from 1.0% in the previous quarter and beating market expectations of 0.8%, according to preliminary estimates. On a monthly basis, UK GDP rose 0.3% in March, defying forecasts for a 0.2% contraction, though growth slowed slightly from February’s 0.4% expansion. However, the GBP is struggling to build on gains from the stronger UK economic data as political uncertainty weighs on sentiment. Speculation over potential leadership challenges to Prime
The post British Pound: Volatility focus shifts to politics – DBS appeared on BitcoinEthereumNews.com.
DBS Bank’s Philip Wee reviews recent FX volatility through the Pound, noting that GBP has been more resilient than EUR and CHF since Operation Epic Fury, helped by the UK’s lower exposure to the energy shock and higher policy rates. However, he highlights that GBP has recently underperformed as markets refocus on UK political risks and reassess Bank of England tightening expectations. Pound resilience gives way to politics risk “Following the start of Operation Epic Fury, GBP (-1.9%) was more resilient than the EUR (-2.2%) and CHF (-3.8%) in March.” “In April, GBP (+2.9%) outperformed the CHF (+2.3%) and EUR(+1.5%).” “However, GBP (-0.6%) underperformed the EUR (-0.2%) and CHF(-0.1%) in the first half of May.” “Markets now see GBP facing a reality check as focus shifts from the US-Iran conflict to 10 Downing Street.” “In the end, the GBP’s outlook remains tethered to the escalation or
Labour's internal strife may weaken its electoral prospects, potentially altering UK political dynamics and impacting future policy directions.
The post Wes Streeting prepares to challenge Keir Starmer amid Labour Party turmoil appeared first on Crypto Briefing.
The post Pound Sterling Price News and Forecast: GBP/USD steadies awaiting preliminary Q1 UK GDP appeared on BitcoinEthereumNews.com.
British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day. The GBP/USD pair holds ground as the US Dollar (USD) remains firm on market caution as traders await further updates amid the ongoing meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing. Traders will also shift their focus to the US Retail Sales report for April due later in the day. Read more… Pound Sterling reverses intraday gains as US PPI and UK political risk weighs GBP/USD ended Wednesday little changed on a net basis, though the session included a sharp intraday s
France's SocGen plans to use its EURCV and USDCV stablecoins for tokenized collateral, repo financing and institutional settlement activity on the Canton blockchain network.
Labour's internal strife may destabilize UK politics, affecting leadership dynamics and market predictions for future political outcomes.
The post Wes Streeting eyes Labour leadership as Starmer faces potential ouster by 2026 appeared first on Crypto Briefing.
Paybis has secured both a MiCA crypto licence and a PSD2 payment institution licence from Latvia’s central bank, becoming the first company in the country to hold both simultaneously.
The post British Pound softens against Japanese Yen amid rising uncertainty over UK leadership appeared on BitcoinEthereumNews.com.
GBP/JPY extends losses for the second consecutive day on Wednesday as the British Pound (GBP) comes under broad pressure, weighed down by rising political uncertainty in the United Kingdom. At the time of writing, the cross is trading around 213.08, easing from an intraday high near 213.70 and down roughly 0.15% on the day. Political pressure on UK Prime Minister Keir Starmer intensified after the Labour Party suffered heavy losses in last week’s local elections. Reports suggest that more than 80 Labour MPs have called on Starmer to resign, while four cabinet ministers have already stepped down amid mounting pressure. UK Health Secretary Wes Streeting is reportedly emerging as a potential leadership challenger. Starmer has confirmed that he will not resign from his post, while allies close to the Prime Minister reportedly said he is prepared to face Street
