The euro traded at 1.1192 against the dollar on Wednesday, October 7, down 71 pips or 0.63% from Tuesday's 1.1263 close. The session range ran from 1.1266 at the high to 1.1186 at the low. That low sits 26 pips above Mo…
Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’
Time: 2pm – 3.30pm | Location: Bank of England, Threadneedle St, London, EC2R 8AH
Tory leader says her party is "coming back", as she aims to convince voters it has changed after 2024 election defeat.
The New York Fed's September Survey of Consumer Expectations showed that American households expect short-term inflation to rise, while in the long term, they expect prices to cool but remain above the Federal Reserve’s…
USD/JPY trades in a narrow range on Wednesday, with the Japanese Yen (JPY) holding a slight advantage over the US Dollar (USD) as traders assess hawkish Bank of Japan (BoJ) signals. Intervention risks near the 160.00 le…
Five former Barclays traders sentenced in one of the biggest scandals of the financial crisis have had their convictions overturned following a long-running legal battle.
Party hopes to win over affluent middle-class voters as leader rejects calls to ‘unite the right’ in conference speech
Governments belonging to the International Energy Agency (IEA) support accelerating the release of Oil stocks announced under the collective action agreed in March, according to a statement from the organization cited b…
The pound is being squeezed from both ends, and the result is a slide to a seven-month low. GBP/USD changed hands near 1.3180 on Thursday, clinging just below the 1.3200 mark after a recovery attempt, pressed lower by a…
The United States (US) Federal Reserve (Fed) will release the Minutes of September’s Federal Open Market Committee (FOMC) meeting on Wednesday. Investors are eager for some details that shed light on the extent and the …
Boots, the High Street pharmacy and retail chain, has been sold in an $8.9bn (£6.7bn) deal to the holding company of Canada's billionaire Weston family.
USD/CAD rebounds sharply on Wednesday, rising nearly 0.45% as the US Dollar (USD) remains firmly bid across the board, supported by surging US Treasury yields. Attention now turns to the minutes of the Federal Reserve’s…
BNY’s Geoff Yu argues that the Eurozone recovery remains intact even as the Euro (EUR) weakens. Manufacturing PMIs and business surveys in Germany and across Europe point to strengthening demand, while fiscal stress and…
Royal Mail is to cut up to 2,500 jobs as the embattled company seeks to restructure its business amid intense competition and the continuing decline in letter deliveries.
The British pound (GBP) has fallen in value this year amid rising inflation, the prospect of the economy entering recession by the end of the year, political uncertainty, and persistent strength in the value of the US d…
Societe Generale notes EUR/HUF rebounded from its 50-day moving average after a downside surprise in Hungarian CPI. Inflation remains below the MNB target, with the stronger Forint helping to curb price pressures and ke…
Rabobank’s Senior FX Strategist Jane Foley reviews the sharp USD/JPY declines in July and September, initially driven by joint Ministry of Finance (MoF)–US Treasury intervention and later without official action. The re…
The head of the International Monetary Fund has called on governments across big economies to tighten their belts as soaring bond yields hit budgets.
Asahi and Kirin confirmed their premises were searched by Japanese competition authorities.
James Kaye (Chair, HSBC) welcomed new Committee members: Adam Jukes (Deutsche Bank) replacing Nimit Jobanputra, and Jonathan Morris (Goldman Sachs) replacing Anna Chadderton.
West Texas Intermediate (WTI) oil price declines after paring its daily gains, trading around $89.00 per barrel during European hours on Wednesday. Crude oil prices fall as traders weigh increased Gulf exports against p…
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and resumes its broader bearish trend, with the US Dollar (USD) appreciating across the board, as investors brace for the release of the minutes of the latest Federal…
Too costly for most, too large for UK car parks, and wheels bigger than a warlord’s pickup truck. But it does come in ‘London red’