Despite few market-moving developments from the UK, the British Pound’s recovery attempts failed, as it fell versus the US dollar for the fourth straight week. Looking ahead, market players will be closely watching Thursday’s federal elections in the United Kingdom. The British Pound is probably going to see some volatility as a result of this incident.

After being swept by the far-right in yesterday’s first round of the French snap election, the Euro has recovered its upward momentum. It seems less probable that the far right would win an absolute majority, though, after Marine Le Pen’s National Rally won the first round of France’s legislative election by a lesser margin than some surveys had predicted.

The U.S. Dollar dropped amid increasing speculation about a rate decrease, continuing losses from Friday when data from the PCE price index indicated a little slowdown in inflation. Investors’ expectations that the Federal Reserve will lower rates by 25 basis points in September actually increased as a result of the report. This week, the emphasis was primarily on additional Fed signals and Friday’s Non-Farm Payrolls data.

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