Egypt's annual LNG imports are now forecast to reach 7.9m mt in 2025, a 21.5% increase from earlier ...
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The trend condition in EURGBP remains bullish and this week’s gains together with today’s acceleration, reinforce current conditions. Moving average studies are in a bull-mode position - highlighting a dominant uptrend. 0.8648, 76.4% of the Apr 11 - May 29 downleg, has been pierced. A continuation higher would open 0.8738, the Apr 11 high and a key resistance. Support to watch lies at 0.8521, the 20-day EMA.
Wires are reporting that the EU parliament is to debate a motion of no confidence vs the European Commission, with a debate on Monday before a vote on Thursday.
“*EU PARLIAMENT TO DEBATE MOTION OF NO-CONFIDENCE VS COMMISSION
*EU NO-CONFIDENCE DEBATE MONDAY, VOTE THURSDAY,ECR'S SIMION SAYS” – bbg
Politico run a similar story citing six officials, with the full story here.
There had been reports on the matter earlier in the day but it’s now seen as being official.
This from Simion on X:
@georgesimion "????It's official!
Motion of No-Confidence against @EU_Commission led by #UrsulavonderLeyen will be debated next Monday and voted next Thursday in the plenary session.
Time to be held accountable!"