Market insights

Labour Win - MI050724

It's in - Labour win the general election.

Very interesting to see what this will mean for currency markets.

Historically there has been some volatility on the back of general elections.

However with such a strong forecast for a Labour win, it could well be that any volatility is already priced in.

Certainly GBP/EUR and GBP/USD have been relatively unflinching.

Outside of this there's a big day of news which could affect rates through the course of today.

European retail sales and Canadian unemployment are precursors to the big one.

It's non farm payrolls day in the US. The bellwether of the US economy.

Analysts are expecting an increase of 190,000 full time jobs in the worlds largest economy.

That's not the only big news going into the weekend. There's also the French election on Sunday where the far right could well get into power as Europe continues its move in that direction following the Dutch elections.

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Economic calendar

EUR: 10:00 Retail Sales

CAN: 13:30 Unemployment Rate

US: 13:30 Non Farm Payrolls

FRN: Sunday National Election

As ever we look forward to keeping you in the loop and look out for our next update.

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