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 Liechtenstein is a micro-state situated at the heart of Europe.
It is situated in the alpine landscape between Austria and Switzerland, speaks German and uses the Swiss Franc as its currency.
Despite being only 62 square miles, it has the 2nd-highest per capita GDP in the world.
The country is in a customs union with Switzerland and is part of the European Free Trade Association.
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.
