Sterling holds ground as BoE signals caution on rate cuts

The Bank of Canada heads into its October meeting under pressure from U.S. tariffs that have hurt exports and dragged Q2 GDP down 1.6%, while core inflation still hovers above 3%. What are markets expecting, and how might CAD react to the event? We have the points you need to know! This Article…

Labour has been urged by Tony Blair’s thinktank to scrap the pensions triple lock amid mounting pressure on government finances. With the Iran war threatening to derail public spending plans, the Tony Blair Institute (TBI) said the “unaffordable” manifesto pledge to maintain the triple lock should be torn up as part of a wider overhaul…

By Alden Bentley NEW YORK (Reuters) -The dollar fell broadly on Wednesday in thin pre-holiday trade, digesting a slew of indicators that underscored U.S. economic resilience while investors assessed the risk that President-elect Donald Trump will start a tariff war no one will win. The decline further unwound the dollar’s recent rally. Few traders were…

The yen was last this weak against the US dollar in late April, leading to currency interventions as the Bank of Japan deemed a rate above the psychological mark of 160 yen per USD unacceptable. The current weakness of the yen has triggered the usual warnings from Japanese officials against “excessive” volatility, which can be…

Europe-based ASML, the world’s biggest semiconductor chip-making equipment supplier, warned that US tariffs were increasing uncertainty around its earnings outlook for 2025 and 2026, which added “salt” to yesterday’s risk-off sentiment. The US dollar continued to weaken, and safe-haven currencies, the Swiss franc and Japanese yen, outperformed among the major currencies with daily gains of…