The pound could face renewed downside this week as UK services inflation is expected to undershoot the Bank of England’s forecast, adding a dovish tilt to rate expectations.
S&P Global Ratings downgraded France to A+ from AA-, citing the country's budget uncertainty as "elevated" despite the submission of a 2025 draft budget, Bloomberg reported on Saturday.
A spokesperson from the European Union (EU) said in the European trading session on Friday that the continent welcome meeting between United States (US) President Donald Trump and Russian leader Vladimir Putin over a ceasefire in Ukraine.