French bond spreads widened against Germany as fiscal concerns and political uncertainty increased pressure on French assets and the euro.
@richiewhites.bsky.social
@richiewhites.bsky.socialFrench bond spreads widened against Germany as fiscal concerns and political uncertainty increased pressure on French assets and the euro.
@market-ocean-en.bsky.socialThat leaves sterling in an awkward position, exposed to a shock that did not start in London at all. The question now is how much of Europe's fiscal anxiety the pound will be asked to carry. #GBPUSD #SafeHavenFlows #FiscalRisk