USA News

Leftist congressional candidates have secured significant victories in recent primary races across various states, raising questions about the emerging influence of the progressive movement within the Democratic Party. Despite successes in deep-blue districts, challenges remain in competitive areas, highlighting a mixed impact on broader Democratic strategies.

The pound’s recent strong rally has slowed, with traders looking for direction in a quiet week for UK economic data. Sterling is down 0.2% against the dollar, trading around $1.311, after losing over 1% in the past five days. 

The dollar is near a two-week high ahead of key US data, including manufacturing PMI and Friday’s jobs report. These figures will influence whether the US Federal Reserve cuts rates by 25 or 50 basis points in September.

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