Amid reports of Britain overtaking France as Market Trend Europe’s largest stock market, following Emmanuel Macron’s recent decision to call a snap election in France, and the impending UK election on July 4th, economic policy and forecasts are taking center stage.1,2 With this in mind, experts at City Index have shared their economic market predictions for the second half of 2024. EUR/USD “Our forecasts suggest more aggressive interest rate cuts from the ECB than the Fed through the rest of 2024, potentially boosting EUR/USD. With central banks pivoting, traders are eyeing the relative pace of rate cuts between the Fed and ECB as a critical factor.” GBP/USD…
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Union membership among young workers is experiencing a significant decline, marking a global trend known as the de-unionisation of the young. In the UK, government statistics reveal a sharp decrease, with only 4.3% of workers aged 16 to 24 being union members in 2021, compared to 19.8% in the 25 to 34 age group. This decline is part of a broader shift that has seen collective bargaining coverage decrease from 80% of the British workforce in 1980 to around 30% in the 2000s. The drop in union membership is not necessarily due to young professionals viewing unions more negatively than…