In this episode, we dive into the aftermath of the Labour Party's landslide victory in the UK General Election. Discover how the markets have reacted and what this seismic political shift means for UK assets moving forward.
Next, we explore the intriguing political landscape in the US. Will Biden step aside, and if so, who might replace him? We also break down the complexities of a US rates curve steepener trade and what it signifies for investors.
Finally, we analyze the remarkable 17% surge in Tesla shares over just two days. Uncover the factors driving this rapid rise and why there could be more gains on the horizon.
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EUR/USD climbs to daily tops near 1.0840 post-NFP
![EUR/USD climbs to daily tops near 1.0840 post-NFP](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/money-59004818_XtraSmall.jpg)
The selling bias in the Greenback gathers extra pace on Friday despite the US economy created more jobs than initially estimated in June, lifting EUR/USD to the area of fresh peak near 1.0840.
GBP/USD trespasses1.2800 after encouraging US Payrolls
![GBP/USD trespasses1.2800 after encouraging US Payrolls](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/british-banknotes-14144912_XtraSmall.jpg)
The continuation of the downward pressure in the US Dollar motivates GBP/USD to extend its recent advance and reclaim the area beyond 1.2800 the figure in the wake of the release of a firm US NFP.
Gold approaches $2,380 on robust NFP data
![Gold approaches $2,380 on robust NFP data](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stack-of-golden-bars-in-the-bank-vault-60756080_XtraSmall.jpg)
Gold prices intensifies their bullish stance for the day, rising to the vicinity of the $2,380 region following the publication of the US labour market report for the month of June.
Bitcoin faces second largest liquidation event in history, erasing 25% of Base meme coins’ market cap
![Bitcoin faces second largest liquidation event in history, erasing 25% of Base meme coins’ market cap](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bitcoin_5_XtraSmall.jpg)
Bitcoin on-chain data confirms that the current correction represents the second-largest liquidation event in BTC’s history. Base meme coin market capitalization dipped over 25% in the wake of the market-wide decline in crypto prices.
How the new UK government can tackle the public finances
![How the new UK government can tackle the public finances](https://editorial.fxstreet.com/images/Macroeconomics/Countries/Europe/UnitedKingdom/union-jack-flag-waves-next-to-guard-in-red-uniform-20279560_XtraSmall.jpg)
Britain is waking up to a Labour government for the first time in 14 years, and one that will command a significant majority in the House of Commons. But the honeymoon for incoming Prime Minister Keir Starmer will be short-lived.