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
The principality of Monaco is a city-state situated on the French Riviera.
Monaco speaks French and uses the Euro as its currency. It is part of the EU Customs Union.
Despite being only 0.8 square miles, it has the highest per capita GDP in the world.
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.
