Merkel Looking to Secure Fourth Term on September 24

Germany looks set to hold its federal election on Sunday 24 September, with Chancellor Angela Merkel seeking a fourth term in office and the anti-immigrant Alternative for Germany party expected to enter the national parliament for the first time.

Government spokesman Steffen Seibert said on Twitter that the cabinet had suggested that date to the president, who has the final decision but tends to agree with the government’s proposal.

Merkel faces a tougher re-election campaign than previously after allowing more than a million migrants from the Middle East, Africa and elsewhere to enter the country in the last two years.

Reuters

GBP/USD – Pound Retracts After Surging on May’s Brexit Speech

Sterling Remains in Focus This Morning

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.