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.
Societe Generale’s FX strategy team reports EUR/USD remains under pressure, trading at a three-month low and moving toward the June low at 1.1325. The bank flags support at 1.1325 and 1.1270, with resistance at 1.1410. …
U.S. President Donald Trump said a preliminary agreement to end the war has been signed by the U.S. and Iran. Details have yet to be made public but that didn't stop global markets from cheering and sending oil prices …
Silver (XAG/USD) remains practically flat on Tuesday, trading at its lowest levels in nearly two months on Tuesday, around $60.80, failing to find follow-through above $61.00 and on track for a 8.5% monthly selloff in S…
A year ago Andy Burnham had a tough business reception at Labour’s party conference. The then mayor of Greater Manchester, with clear ambitions to replace Keir Starmer, had rattled the City of London with his comment th…
Scotiabank’s Global FX Strategy team, led by Shaun Osborne and Eric Theoret, notes broad Dollar strength versus most G10 currencies, with focus on Oil, US yields and the Federal Reserve rate path. The team stresses that…
Anthropic is telling investors that advanced AI could pose “catastrophic or existential risks to humanity”, according to reports, as it prepares for a potential $2tn (£1.5tn) flotation.
The Reserve Bank of Australia has lifted its key interest rate to 4.6%, its highest level since 2011, and warned of further hikes as the unending US war on Iran pushes prices “permanently higher”.
OCBC’s Christopher Wong observes that Singapore Dollar (SGD) has held relatively steady despite softer Asian FX, with USD/SGD around 1.2780. Strong manufacturing output and persistent underlying price pressures lead OCB…
The US Dollar (USD) is up 0.12% at around 1.4190 against the US Dollar (USD) during the European trading session on Tuesday. The Loonie pair trades higher as the US Dollar outperforms, with financial markets becoming in…
Christopher Wong at OCBC notes Gold has extended its decline to a seven-week low, pressured by higher Oil prices, firm US Treasury yields and a stronger Dollar. The break below $4,200 has intensified technical selling, …
EUR/JPY remains subdued for the third successive day, trading around 178.80 during Asian hours on Tuesday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel…
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session on Tuesday that the interest rate hike at the policy meet…
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