GBP/USD

Today, the United States administration announced its intention to impose a new 50% tariff on a significant number of Canadian goods. This is the latest in a series of unilateral U.S. trade actions that began with the U.S. imposing a series of tariffs in direct violation of the Canada-United States-Mexico Agreement (CUSMA), the free trade agreement between ...

The 2026 FIFA World Cup has given a $20 billion boost to the US economy, according to Bank of America, sparking massive local booms in host cities and helping propel the strongest surge in consumer spending in more than four years. BofA CEO Brian Moynihan said half of the tournament’s $40 billion in fresh economic activity has been funneled to the US, and ...

Gregory Daco, chief economist at EY-Parthenon, says he thinks the Federal Reserve won't move on interests rates for the rest of this year. Daco talks about what he wants to see from the new Chairman Kevin Warsh. Daco speaks on "Bloomberg Surveillance."

Two months ago, UK markets recoiled at the prospect of new Labour leader Andy Burnham becoming prime minister. Today, his arrival in Downing Street has been met with little more than a shrug. Risk premium in the bond markets looks contained. Most investors I speak to don’t expect him to rock the boat this year, even if there are concerns about the fiscal ...

We’re back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which is unusual given that ever since Ben Bernanke instituted “forward guidance” the market usually knew what to expect. Warsh does not think “forward guidance” ...

President Trump announced a 10% "global tariff" just hours after the Supreme Court struck down his blanket tariffs in February. But that stopgap maneuver under Section 122 of the Trade Act of 1974 came with the authority to levy duties for 150 days. That clock is set to run out. Absent a move by Congress to extend the tariffs — which is highly unlikely — ...

Thank you to our Great Speaker, Mike Johnson, the House Budget Chairman, Jodey Arrington, and the members of the House Budget Committee, including Lloyd Smucker, Ron Estes, Andrew Clyde, Josh Brecheen, Erin Houchin, Mike Carey, Blake Moore, Jay Obernolte, Tom McClintock, and many others, for launching an effort to get AS MUCH of THE SAVE AMERICA ACT as possible in a Budget Bill, along with aid to our incredible Farmers, and funding for our Military. We need Voter Photo ID (Identification!), Proof of Citizenship and, hopefully, No Corrupt Mail In Ballots (except for illness, disability, Military, or travel). I am asking all House Republicans to VOTE YES this week on the Budget Resolution, which is an important first step towards getting a Budget Bill. House Republicans must UNIFY, and fight for THE SAVE AMERICA ACT! President DONALD J. TRUMP

UK's Chancellor Reeves resigns. It has been the privilege of my life to serve as the Chancellor of the Exchequer. The economy today is stronger, fairer and more resilient because of the choices we have taken as a Labour Government over the past two years. Stability restored, investment delivered and reform to our economy under way. I said when I was appointed Chancellor that I would judge my time in office if the lives ordinary working class people have been improved. Im proud to say that they have. And to every young woman and girl let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams. I wish the...

Burnham to Seek Flexibility Within UKs Existing Fiscal Rules UK's PM Burnham: I would never take risks with the economy, recommits to fiscal rules. UK's PM Burnham: looking at the personal allowance threshold for income tax, changing it has significant consequences. Burnham Says It's Too Soon To Consider Increasing The Highest Tax Rate. Breaking: Andy Burnham has said that he will use "any flexibility" in the government's fiscal rules in a move that could allow him to borrow billions of pounds to invest in infrastructure. Experts have said that Burnham could raise an extra £16 billion for infrastructure after a change in the definition of public debt in the rules. The National Wealth Fund and other financial institutions are able to make loans or buy stakes in companies without affecting the public debt target. Burnham said: "I've said we'll stick to the fiscal rules and by that I mean the existing fiscal rules and use obviously any flexibility w...

The Conference Board Leading Economic Index® (LEI) for the US declined by 0.2% in June 2026 to 99.1 (2016=100), following a 0.1% increase in May. However, the LEI is down by only 0.3% over the first half of 2026, a much smaller rate of decline than its 1.1% contraction over the second half of 2025. "In June, the Leading Economic Index (LEI) for the US ...