UK borrows £18bn in August, putting pressure on Healey before budget
The UK government borrowed a higher-than-expected £18.3bn last month, increasing the pressure on John Healey as he attempts to calm jittery bond markets before next month’s budget.
Economy
Bank of England: Modest insurance tightening path – Deutsche Bank
Deutsche Bank Research’s UK economists Sanjay Raja and Maui Brennan have shifted their BoE base case from no hikes to two 25bp moves, in November and February. They argue Bank Rate is already restrictive, inflation is l…
British Pound: BoE pricing keeps rangebound against Euro – ING
ING’s Francesco Pesole notes EUR/GBP has held a tight 0.855–0.860 range since early September after a Bank of England (BoE) meeting that did not strongly challenge aggressive market tightening expectations. ING economis…
Deutsche Bank shifts to two BoE rate hikes. Here’s why
Markets spent Thursday digesting the fallout from Wednesday's Federal Reserve rate hike, with Goldman Sachs among the first to revise its outlook, moving up its call for the next increase to the October 27 to 28 meeting…
British Pound reverses earlier gains as UK Public Sector Net Borrowing surges
The British Pound (GBP) is giving back earlier gains against the US Dollar (USD) on Tuesday as data from the UK revealed that public sector borrowing increased beyond expectations in August, rekindling market concerns a…
FX Outlook: Hawkish Fedspeak Breaks Oil-USD Link
Transport and logistics companies are grappling with rising costs and supply chain disruption. Meanwhile, a growing trade imbalance with China is creating new challenges across Europe's logistics network
Federal Reserve: Hiking path constrained by supply shocks – BNY
John Velis at BNY Markets argues that current US inflation is being driven by non-rate-sensitive components of core PCE, limiting how effective further Federal Reserve tightening can be. He expects one more rate hike in…
Equities: Fresh optimism lifts S&P 500 near highs – Deutsche Bank
Deutsche Bank strategists highlight a strong risk-on session in US equities, with the S&P 500 up over 1% and back in positive territory for September, sitting less than half a percent below its all-time high. Tech leade…
Dollar holds on hawkish Fed pricing while yen languishes despite Tokyo support
Amid reports of Japan’s current account surplus hitting record highs and international investors losing confidence in the US dollar, the story would seem straightforward: as the dollar falters, the yen should be soaring…
USD/JPY Price Forecast: Rises to near 158.00 near 50-day EMA
USD/JPY gains ground for the third consecutive day, trading around 157.70 during the European hours on Tuesday. The currency pair is consolidating after the recent pullback while remaining capped by the medium-term tren…
Why is LM Ericsson stock down today?
Ericsson (NASDAQ: ERIC) has appointed Christophe Van de Weyer, currently Head of Business Unit API at Vonage, as Head of Business Area Global Communications Platform and CEO of Vonage, effective August 15, 2026.
Fancy a pint … at Lidl? The bizarre battle over Northern Ireland’s stifled nightlife
The country’s licensing laws mean the supermarket has opened a pub so it can sell alcohol, while campaigners are fighting to help other venues open and get people dancing
Forex Today: Geopolitical uncertainty keeps markets on edge
Financial markets adopt a cautious stance early Tuesday amid mounting geopolitical uncertainty. The European economic calendar will feature preliminary Consumer Confidence Index data for September. Meanwhile, investors …
Debt advice warning: spot the red flags
Free debt advice is available to everyone. However, the FCA is concerned that some consumers are being steered towards fee-paying debt solutions that may not be suitable for their needs, sometimes through high pressure …
Spain battles climate change on several fronts
A summer of wildfires and heatwaves underlines the threats to the country's economy.
Forex Daily: Fed Hawks Keep US Dollar Bid as Energy Risk Moves Downstream
Short-term fair value has slipped below 1.150 for the first time since late July, while the two-year SOFR ESTR spread has widened back toward 150bp, also around levels last seen in July. Interestingly, oil now carries o…
Philip R. Lane: Interview with Le Temps
Essentially, we experienced an initial wave of energy price increases in March and April this year, and then some optimism after the United States and Iran signed the Memorandum of Understanding on 17 June to bring the …
RBA’s Bullock: Supply shocks are difficult for monetary policy to deal with
Reserve Bank of Australia (RBA) Governor Michele Bullock said in a statement released during the Asian trading session on Tuesday that supply shocks are difficult for monetary policy to deal with. Bullock added, “Policy…
Borrowing surge puts pressure on chancellor ahead of Budget
The government borrowed more than expected in August, as persistently higher inflation pushed up overall spending.
Australian Dollar drifts higher above 0.7100 after RBA's Bullock speech
The AUD/USD pair gains ground to near 0.7120 during the early European trading hours on Tuesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) following Reserve Bank of Australia (RBA) Governor Mic…
USD/CAD Price Forecast: Bulls retain control near August 6 highs, just below mid-1.4000s
The USD/CAD pair extends its consolidative price move through the early European session on Tuesday, trading below 1.4050, or the highest since August 6, amid mixed fundamental cues.
RBNZ’s Breman: Higher oil prices point to firmer near-term inflation
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Tuesday that if higher oil prices persist, they are expected to result in somewhat higher near-term inflation than assumed in the September statement. Brem…
Rates Outlook: Time Not on France’s Side
Kylian Mbappe’s France continue their quest for the world title, facing Lamine Yamal’s Spain in a blockbuster semifinal.
New Zealand Dollar slips amid gradual RBNZ rate hike outlook, geopolitical tensions
NZD/USD extends its losing streak for the third consecutive day, trading around 0.5700 during the Asian hours on Tuesday. The currency pair is facing downward pressure as the New Zealand Dollar (NZD) weakens following s…