Federal Reserve (Fed) Governor Michael Barr said on Tuesday that “there is a need to recalibrate policy” and that the base case is that “further policy adjustments” are likely needed.
Silver (XAG/USD) retreats on Tuesday and trades around $60.75 at the time of writing, down 0.38% on the day. The white metal comes under pressure from the sharp rise in US Treasury yields and a stronger US Dollar (USD),…
It was a significant announcement from Prime Minister Andy Burnham on his plans for the triple lock after the general election. It will reverberate well beyond the hall.
Gold prices reversed course and edged higher on Thursday after a U.S. inflation reading was largely in line with expectations, easing some concerns about imminent Federal Reserve rate hikes and pushing the dollar and…
A venue of private members club Soho House is being investigated by the local council after a former member of staff raised concerns about rats and out-of-date food allegedly being served.
For years, a household budget had a little give. A slightly higher electric bill one month could be absorbed by a slightly cheaper grocery run the next. That cushion is gone for most U.S. consumers, and the bills doing …
The US Dollar Index (DXY) extends gains on Tuesday, approaching its year-to-date high as expectations of further Federal Reserve (Fed) interest-rate hikes drive strong demand for the Greenback. At the time of writing, t…
The New York Fed Governor John Williams said that he “sees no need for urgency after September rate hike,” a dovish statement that pushed the US Dollar Index (DXY) modestly lower, though it remains positive in the day.
BrewDog’s new owner has urged drinkers to give the ailing brand “a second chance” as it invests more than £50m in improving the company’s beers, pubs and working conditions.
The London Police, Scotland Yard, reported that it conducted large-scale searches and arrests this morning at 24 locations in London and the counties of Essex, Hertfordshire, Suffolk, and Cambridgeshire. The operation i…
Canadian GDP growth slowed sharply in Q2, coming in weaker than expected at -1.6% on an annualized quarter-over-quarter basis, following a strong 2% gain in Q1.
U.S. President Donald Trump has agreed to ease sanctions against Russia in exchange for the release of prisoners, according to The Atlantic. The proposal was made by John Cole, the U.S. president’s envoy to Eastern Euro…
The boss of Britain’s biggest insurer has said that homes being built now could become uninsurable in the future because they are sited in flood-risk areas.
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Brown Brothers Harriman highlights that the Reserve Bank of Australia delivered a widely expected 25 bps hike to 4.60%, a 15-year high, and kept the door open to further tightening. AUD/USD initially rallied on the hawk…
BNY Markets’ John Velis observes that US real yields across the curve have risen sharply, driven more by expectations of further policy tightening than by inflation fears. Markets see the Fed and other central banks rea…
Manchester City breached Premier League financial rules by creating “sham” contracts to help inflate revenue and reduce costs by more than £900m over a nine-year period, an independent commission found.
GBP/JPY trades lower on Tuesday as the Japanese Yen (JPY) outperforms its major peers, supported by growing concerns that Japanese authorities could intervene in the currency market again. At the time of writing, the cr…
Marks & Spencer is has signed a deal with Sephora to open areas under the beauty brand’s name within its stores, in its latest tactic to attract younger shoppers.
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