Britain’s new Prime Minister, Liz Truss, is helping to sink the beleaguered pound even further – and the trajectory is only likely to get worse for the UK currency, warned the CEO
By Craig Erlam The day we’ve all been waiting for has finally arrived as Jerome Powell prepares for his keynote speech at Jackson Hole. Powell will have chosen his words very carefully,
By Craig Erlam Stock markets are understandably choppy so far this week, as Europe posts small gains with Italy being the outlier on Tuesday, up more than 1%. It’s shaping to be
By Lukman Otunuga, Senior Research Analyst at FXTM A sense of caution has taken hold of financial markets as investors adopt a guarded stance ahead of another week packed with key economic
The pound will “finally stabilise” after a brief period of volatility when UK Prime Minister Boris Johnson leaves office, according to the CEO and founder of a leading independent financial advisory and
The British pound fell against the U.S. dollar and the UK’s leading benchmark FTSE dropped amid more uncertainty coming from PM Boris Johnson’s administration. UK Health Secretary Sajid Javid said in a
The British pound – already showing ‘emerging market’ traits – faces a difficult time ahead amid political storms in the UK, warned a leading independent financial advisor and fintech CEO. Sterling held
By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.
By Jeffrey Halley It was another night of tail-chasing, this time led by Goldman Sachs that said a US recession is a real possibility and that the US Dollar might fall as
By Jeffrey Halley The extent of the impact of China’s Covid zero-policy on the domestic economy was highlighted Thursday morning as the Caixin Services PMI for April recorded its second-largest fall on
