Weekly Market Report 12th May 2026
12th May 2026
Last week proved significant for the pound, as the UK’s local elections reinforced concerns around Labour’s domestic political position.
Country Profile
Despite its size as one of Europe’s smaller countries, Belgium is the political heart of the EU and a top destination for UK business.
It is often seen as the key to the rest of Europe.
Around 5% of all UK imports and exports are with Belgium.
Total Value:
£23.3 billion / 4.89% of all UK Imports
Top 5 Imports are:
Total Value:
£14.9 billion / 4.61% of all UK Exports
Top 5 Exports are:
Last week proved significant for the pound, as the UK’s local elections reinforced concerns around Labour’s domestic political position.
Last week, the Pound posted its strongest weekly performance of 2026 against USD, gaining over 1%. However, this move was driven more by Dollar weakness than genuine Sterling strength.
Last week, the Pound posted its strongest weekly performance of 2026 against USD, gaining over 1%. However, this move was driven more by Dollar weakness than genuine Sterling strength.
