Euro slips against British Pound after UK Prime Minister Starmer steps down

Euro slips against British Pound after UK Prime Minister Starmer steps down

EUR/GBP comes under pressure on Monday as markets react positively to UK Prime Minister Keir Starmer’s resignation, with the British Pound (GBP) outperforming most of its major peers. At the time of writing, the cross trades around 0.8659, retreating from a one-month high of 0.8689 touched earlier in the day. Speaking outside 10 Downing Street, […]

Indonesian Rupiah declines as MSCI’s warning triggers capital outflows

Indonesian Rupiah declines as MSCI’s warning triggers capital outflows

USD/IDR rebounds after registering modest losses in the previous trading day, hovering around 17,870 during the Asian hours on Monday. The Indonesian Rupiah (IDR) struggles against the US Dollar (USD) after Morgan Stanley Capital International’s (MSCI) warning directly triggers capital flight and complicates the central bank’s efforts to stabilize the currency. However, traders expect the […]