Allied turn of July 5th, 1940
The German army achieved a clear breakthrough in France heading straight through the corridor that lies more or less in between the Somme to the West and the Seine to the East of Paris. For now, German troops did not try to cross the Seine and did not attempt to cross the Somme, preferring to outflank it. Only a small probing attack, that severely bloodied the nose of the attackers, was attempted on the British on the III Corps.
However, to avoid been encircled, the BEF had to retreat behind the Seine West of Paris and leave the defense of Rouyn to the French. London is considering evacuating its whole contingent very soon as it seems the situation of the French Army can only deteriorate. The French Army suffered quite heavy loses with two corps been either annihilated or dispersed for quite a while, having to be reformed in the back. German loses were not light but still very acceptable in view of the results achieved.
In the air, after handling itself correctly in the first weeks, the French air force suffered huge loses, been now pushed to its limits. German and British loses in the air were moderate, almost light, and certainly acceptable.
In the United Kingdom, the first phase of the mobilisation is now complete, and the government is confident that the homeland can now already be protected properly against a German invasion attempt, baring the repatriation of at least 2/3 of the BEF. And such an attempt could probably not occur until late August at best.
London is confident enough to send about a fourth of its fighter groups to protect Malta amid rumors of war in Rome. It is expected that such a show of force might force Italy to think twice about it before making a hazardous decision in the near future.
In the Atlantic, German submarines exchanged loses with the British merchant navy, which is usually not to their advantage.