EU Elections
With hard right French candidate Marine Le Pen and centre right German Ursula Von der Leyen vying for the position of being seen as the unifying right wing EU parliamentary candidate , it is Italy’s Giorgia Meloni who is being touted as the queen maker and who will determine the composition of a far right EU supergroup as the EU gravitates to the right.
EUR/USD 1.0875.
Aussie Dollar
The AUD is not having the best of times against USD, EUR and GBP but against the Japanese Yen it is a different story with AUD/JPY at a 34 year high ie its best since 1990.
AUD/JPY 104.46
GBP
Sterling is enjoying some of its best levels for some weeks as a result of better inflation, better economic performance and the prospect of the Bank of England cutting rates. What could spoil the party? The answer is what the rest of the world’s or ROW inflation looks like: if figures due out from the world’s largest economies show that inflation remains stubborn, expect GBP to reverse some of its strength swiftly. US, Japan and EU all out on Friday. But at present sunny Sterling skies:
GBP/USD 1.2785.
European weather
Forecasters broke cover yesterday and having duly deliberated, pronounced that July and August in Europe will be a time of more weather records being broken. It all kicks off next week with Germany and the Nordics set for unusually high temperatures.
GBP/EUR 1.1757.
Let’s twist again
It was Chubby Checker of course who won a Grammy for this recording that was laid down this day in 1962 and has become a staple of all good parties and one that provides endless opportunities for Dad dancing.
Come on everybody clap your hands
Ah, you’re looking good
I’m gonna sing my song and you won’t take long
We’re gonna do the twist and it goes like this
Come on let’s twist again like we did last summer
Yeah, let’s twist again like we did last year
Do you remember when things were really hummin’?
Yeah, let’s twist again, twistin’ time is here
Round ‘n around ‘n up ‘n down we go again
Oh baby make me know you love me so and then
Twist again like we did last summer
Come on twist again, like we did last year
(Twist, yow)
Who’s that, flyin’ up there?
Is it a bird? No
Is it a plane? No
Is it the twister? Yeah
Yeah, twist again like we did last summer
Come on let’s twist again, like we did last year
Do you remember when things were really hummin’?
Come on let’s twist again, twistin’ time is here
Round ‘n around ‘n up ‘n down we go again
Oh baby make me know you love me so and then
Come on twist again like we did last summer
Girl, let’s twist again, like we did last year
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – Georgia
Humphrey Percy
Mon 14 Jul 2025
Georgia Having applied to join the EU in March 2022 and been granted accession in December 2023, Georgia seemed to have been on course to join the EU. However, a few months later the EU and Georgia terminated the process. With the Georgia Dream party in power, and all the leaders of the pro West […]
Daily Brief – Strong USD
Humphrey Percy
Fri 11 Jul 2025
Strong USD Those punitive tariff threats – Copper 50%, Brazil 50% and Pharmaceuticals 200% had a marked effect on USD. Bizarrely, while POTUS has been conducting his self-harming measures on the USA and the USD, he sees no contradiction in maintaining that he sees USD remaining the primary world reserve currency. A total of 22 […]
Daily Brief – Australia
Humphrey Percy
Wed 9 Jul 2025
Australia Falling inflation, sluggish economic growth, a strong currency, lower living standards and low productivity would normally easily add up to an interest rate cut by the central bank: not in Australia where it was widely expected that yesterday would indeed see a rate cut. That is because the Reserve Bank of Australia is worried […]
