The Pound In Freefall Over PM
Sir Kier Starmer under intense pressure...
The recent local elections in the UK sent shockwaves through the Labour Party.
Calls for the Prime Ministers resignation are ringing around Whitehall.
On the back of this the Pound is taking a bit of a hammering.
If the PM does depart, all trading eyes will be on his potential successor before bets are placed on Sterling.
Whilst the political story is the big news right now, there's still plenty of scheduled activity to sway rates.
US inflation is expected to start showing the impact of rising oil prices later today with annualised growth of 3.7% anticipated.
Then it's Eurozone and UK GDP numbers on Wednesday and Thursday respectively.
US retail sales rounds the week off later Thursday, so plenty of opportunity for volatility this week.
- Economic calendar:
US: 13:30 Inflation Report
EUR: Wednesday 10:00 Preliminary GDP Report
UK: Thursday 07:00 Preliminary GDP Report
US: Thursday 13:30 Retail Sales Numbers
So what next, what should you do?
As ever we look forward to keeping you in the loop and so please look out for our next update.
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Kind regards,
David Evans
Co-Founder of Cle France.
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Current rates:
Tuesday 12th May 2026 at 12:30
£1.00 GBP = 1.1530 EUR
£1.00 GBP = 1.3540 USD
£1.00 GBP = 1.8735 AUD
£1.00 GBP = 2.2755 NZD
£1.00 GBP = 1.8560 CAD
£1.00 GBP = 1.0570 CHF
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- We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
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How to Save Money on your foreign currency transfers
- Regency FX can save you money by offering more competitive rates of exchange than your bank.
- Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
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- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
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