GBP/AUD

BoE’s Breeden: The main financial stability concern is a step change in agentic AI's cyber capabilities BoE Breeden: AI agents could amplify volatility and stress in markets

UK real gross domestic product (GDP) is estimated to have increased by an unrevised 0.6% in Quarter 1 (Jan to Mar) 2026, following a revised growth of 0.1% in Quarter 4 (Oct to Dec) 2025. In output terms, growth in the latest quarter was caused by an increase in all three sectors, with the largest contribution from the services sector, which grew by 0.8%. ...

The underlying UK current account deficit, excluding precious metals, narrowed to £15.1 billion, or 1.9% of gross domestic product (GDP) in Quarter 1 (Jan to Mar) 2026; this is a change of £3.2 billion compared with the deficit of £18.2 billion in the previous quarter. The UK current account deficit, including trade in precious metals, narrowed by £5.0 ...

Private consumption across Asia remained subdued in 2025, reflecting soft real income growth, cautious household sentiment, and the lagged effects of earlier monetary tightening. Recent declines in oil prices are a welcome relief, easing pressure on household purchasing power and supporting sentiment. At the same time, strong equity market gains - most ...

The table below presents a summary of the latest financial aggregates statistics. table All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series. Data for the levels of financial aggregates are not adjusted for series breaks, and growth rates should not be calculated from data on the ...

Federal Reserve Chairman Kevin Warsh is wasting little time putting his stamp on the nation's central bank, launching what amounts to a top-to-bottom review of how the Federal Reserve operates as he seeks to restore its credibility after the past five years of inflation running above the Fed's 2% target, The New York Times reports. Just weeks into the job, ...

UK Labour's Andy Burnham: Our plans are consistent with 2024 Labour manifesto. Breaking: Andy Burnham says he will usher in the 'biggest change in our lifetimes to the way the country is run' as he pledges to devolve power from Westminster and Whitehall to mayors and local authorities He argues that Whitehall and Westminster are 'broken'. He pledges to… UK Labour's Burnham: Ours will be a 10-year mission to raise living standards across the land Andy Burnham says Britain needs a 'complete rethink' about how to support the next generation to succeed He says the days of a school system configured entirely around universities will come to an end He pledges to expand technical education giving every young person a 'clear… UK Labour's Andy Burnham: We will safeguard sovereign manufacturing in critical sectors like steel, defence, energy, food and farming

Andy Burnham will pledge to deliver “good growth in every postcode” by overseeing a significant transfer of power out of Whitehall to local communities as he sets out his case for a decade as UK prime minister. In his first major speech since winning the Makerfield byelection, Burnham will argue for decision-making to be devolved to regions and communities ...

Deserted streets and parks, closed schools and cancelled public events. The recent heatwave in Europe brought back memories of the pandemic lockdowns. This time, however, it wasn’t a virus but record-breaking temperatures driving the disruption. European countries, including France, the UK, Switzerland and Germany, experienced their hottest days on record ...

Many investors believe that Kevin Warsh will quickly reshape the Federal Reserve. They worry that the changes will do more to please the Administration than to improve monetary policymaking. That concern is understandable. Warsh is a Trump appointment and investors worry that he is too close to the Administration. He is also not a professional economist, ...