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Political transition seen as upside risk to EUR/GBP – ING

ING’s Francesco Pesole highlights that Andy Burnham’s by-election win paves his way to become UK Prime Minister, with betting markets expecting a transition by late summer. The absence of a political risk premium in Pound assets suggests investors see limited fiscal disruption. ING maintains a generally bullish stance on EUR/GBP, citing no further Bank of England hikes while flagging fiscal headlines as an upside risk.Burnham path to power and Pound pricing”In the coming days, we…

Finance news

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Business

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JPMorgan, Citigroup Named in DOJ Probe of Iran Leader’s Business Network

The Department of Justice is investigating transactions tied to a business network linked to Iranian Supreme Leader Mojtaba Khamenei that reportedly had exposure to major U.S. financial institutions, according to a Bloomberg News report. Bloomberg reported federal investigators are examining how companies connected to Khamenei built a global investment portfolio…

Markets

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I went to Italy for the first time and left with 5 regrets

When it comes to tourism etiquette, I was wrong to assume my own sense of common courtesy would serve me well.After a walking tour in Venice, I hoped to sit down for lunch, but all the restaurants I passed were packed. Hungry and hot, I eventually cut my losses and…

Investing

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