IMF raises UK growth forecast as economist says Healey should ‘stay the course’
Fund upgrades UK’s GDP growth forecast for 2026 to 1.3%, but says it is likely to edge down next year
Economy
Japanese Yen: Intervention risks limit further depreciation - OCBC
OCBC strategists Sim Moh Siong and Christopher Wong describe USD/JPY as a patience trade, with the pair supported by higher US yields and elevated energy prices but capped by extreme Japanese Yen undervaluation and risi…
USD/CAD Price Forecast: Falls to near 1.4250 near nine-day EMA support
USD/CAD depreciates after two days of gains, trading around 1.4260 during European hours on Tuesday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, …
Australian Dollar remains steady following RBA September Meeting Minutes
AUD/USD remains steady after experiencing volatility, hovering around 0.6960 during Asian hours on Tuesday. The pair moves little after the Reserve Bank of Australia (RBA) published the Minutes of its September monetary…
Equities: Rotation out of AI as breadth stays positive – Danske Bank
Danske Research Team highlights that global equities finished broadly flat, masking notable rotation as investors cut AI and semiconductor exposure. Europe and defensive sectors outperformed, with consumer staples leadi…
BoE’s Greene: Warns of second-round inflation effects if we act late
The comments from Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene released during the Asian trade on Tuesday signals that she is worried about second-round inflation effects coming into play if…
UK growth upgraded but energy prices and rates to bite in 2027
The UK economy is forecast to grow by more than previously expected this year before higher energy prices and interest rates hit growth in 2027, the International Monetary Fund (IMF) has said.
IMF forecasts global real GDP growth of 3.1% in 2026
The International Monetary Fund (IMF) raised its 2026 global growth forecast to 3.1% from 3.0% in July, with strong AI investment offsetting the energy shock from the Middle East war. However, 2027 growth remained uncha…
Lobbying, lawyers and a media blitz: the fight to kill the Church of England’s £100m slavery compensation fund
Some of Britain’s wealthiest financiers, including Sir Paul Marshall, have given a platform to critical coverage or are linked to its leading opponent
Bumble shares soar after report dating firm in $1bn takeover talks
Shares in dating app company Bumble soared by almost 50% on Monday after a report that it is in advanced talks to be bought for around $1bn (£757m).
United States Dollar Index eases from 18-month peak; slips below 102.50
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower during the Asians session on Tuesday, eroding a part of the previous day's strong gains to a fresh high since April 2025…
Heating oil customers face tough winter despite shake-up promise
Heating oil customers facing soaring bills have been promised better regulation of the sector by the government.
I earn £120,000 a year making social media videos go viral
Eknoor Singh says he only needs his mobile phone and a decent internet connection to earn more than £120,000 a year.
Japanese Yen strengthens despite softer PPI data
The USD/JPY pair loses ground to near 158.25 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) despite softer Japanese Producer Price Index (PPI) inflation data. T…
Euro gathers strength above 1.1150 despite France’s fiscal concerns
The EUR/USD pair gains ground to near 1.1165 during the early Asian trading hours on Tuesday. Nonetheless, the potential upside for the major pair might be limited amid growing fiscal and political instability in France…
Publicly owned rail is popular. But is it making the trains run on time?
The early afternoon of Wednesday 6 August was an unremarkable one on the rail network. Then suddenly, shortly before 14:00, a power failure brought trains across the north-west of England to a halt.
British Pound gains on BRC Like-For-Like Retail Sales data despite geopolitical tensions
GBP/USD inches higher after posting modest losses in the previous day, trading around 1.3220 during Asian hours on Tuesday. The pair appreciated as the British Pound (GBP) gained ground following the release of British …
The British Pound drifts back to its floor as Crude Oil lifts the Dollar
Every session since September 24 has bottomed within about 25 pips of 1.3200, and Monday was the 13th. GBP/USD closed near 1.3210 after a climb to just above 1.3250, made before London opened, was given back as Brent ro…
Chinese Yuan: Building upside momentum toward 6.6800 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/CNH unexpectedly fell to 6.6919 on Friday, with downside momentum starting to build. Intraday, they see potential for a brief dip below 6.6900, provid…
Forex Today: US Dollar hits 17-month high, RBA minutes and Fed speaking up next
Buyers are stepping in and keeping the US Dollar (USD) bid due to safe-haven demand, as the resumption of hostilities in the Middle East and strikes between Russia and Ukraine have pushed energy prices higher.
Fridges in French supermarkets hit by cyber attack
Hundreds of French supermarkets have been hit by a cyber attack that caused their fridges and freezers to heat up, spoiling fresh and frozen food estimated to be worth millions of euros.
South Korean Won: Uptrend seen resuming against US Dollar – Societe Generale
Societe Generale strategists note that the recent USD/KRW bounce stalled around 1390 and the pair is now testing the lower end of its consolidation, suggesting the broader downtrend may resume.
Fed’s Hammack sees higher neutral rate, urges more policy restraint
Cleveland Federal Reserve (Fed) President Beth Hammack said on Monday that the neutral rate for the Fed funds “is likely higher,” that she is hearing signs of a problem with inflation expectations and that the question …
European Weakness and Softer Inflation Could Push Treasury Yields Lower
The week ahead brings an unusually concentrated sequence of central-bank decisions, inflation reports and growth data. The Federal Reserve, Bank of England and Bank of Japan will all be in focus, while US GDP, core PCE …