French election uncertainty grips currency markets

FX Talk - an Ebury podcast

Activity in the FX market since our last episode has been largely dominated by political jitters, with both France and Britain to go to the polls in crucial elections in the coming weeks. While the UK general election appears a foregone conclusion, the French legislative elections are anything but. We break down the possible scenarios of the latter, and discuss what kind of impact the vote could have on the euro, which has underperformed its peers since the election was called.
We also discuss the fallout from the June meetings of the Federal Reserve and European Central Bank. When will the FOMC pull the trigger on lower US rates? And will the ECB deliver one or two additional cuts in 2024? Tune in to hear our thoughts!
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