Independent coverage of UK markets, FCA policy and institutional trading
Commerzbank’s Dr. Henry Hao and Moses Lim highlight that the South Korean government has unveiled a major South Korean Won (KRW) internationalisation roadmap, including unlimited KRW transactions with…
The USD/JPY extends its rally on Tuesday, hitting 40-year highs above 163.00 as the Greenback continues to gain ground versus the Japanese Yen. At the time of writing, the USD/JPY trades at 163.19, sl…
BNY’s Geoff Yu argues that Prime Minister Andy Burnham’s removal of Value Added Tax (VAT) on household electricity is a test of the United Kingdom’s (UK) fiscal protection strategy. While the measure …
USD/CAD trades just above the 1.4100 handle into the North American afternoon, up around a fifth of one percent and on track for a second consecutive daily advance. The recovery follows the July slide…
Societe Generale’s technical team notes USD/KRW failed twice to break above the June high around 1,561, triggering a deeper decline towards the 200-day moving average. The pair is now testing this key…
West Texas Intermediate (WTI) trades around $84.40 at the time of writing on Tuesday, up 2.6% on the day, as concerns over global Oil supplies continue to support prices despite hopes for a diplomatic…
Robert F Kennedy Jr, one of President Donald Trump's most controversial cabinet picks, has been sworn in as the next US Health and Human Services Secretary.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight the Euro (EUR) trading quietly against the US Dollar (USD) in a tight low-1.14 range, with limited reaction to stronger ZEW sentiment da…
United States (US) President Donald Trump said during a press conference at the White House on Tuesday that Washington could intensify its military campaign against Iran, including possible strikes on…
ING’s Francesco Pesole notes that Gilts and the Pound saw turbulence as new UK Prime Minister Andy Burnham signalled flexibility on fiscal rules and appointed John Healey as Chancellor. Sterling’s ini…
The Dow Jones Industrial Average (DJIA) climbs around 340 points, or 0.7%, on Tuesday, snapping a three-day slide that has pulled the index away from the early July record just above 53,300. The rebou…
Standard Chartered Bank economist Saurav Anand highlights rising inflation risks for India as deficient monsoon rains and persistent El Niño threaten food output. The report notes sowing is down and r…
Tatha Ghose at Commerzbank highlights that Turkey’s market-based inflation expectations for 2026 and 12 months ahead have risen again, undermining confidence in disinflation. Survey participants see C…
Microsoft first started opening up access to Claude Code in December, inviting thousands of its own developers to use Anthropic’s AI coding tool daily. It was part of an effort to get project managers…
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the sell-off in gilts and British Pound (GBP) has stabilized after Prime Minister Andy Burnham appointed John Healey as Chancellor and pled…
The British Pound (GBP) is one of the weakest performers among major currencies, extending its reversal against the US Dollar for the fourth consecutive week. The GBP/USD pair is drifting closer to th…
BNY’s Geoff Yu explains that new 50% U.S. tariffs on selected Canadian goods are a direct trade shock, with Washington citing unfair treatment of US exports and ruling out United States-Mexico-Canada …
EUR/USD edges lower on Tuesday as the US Dollar (USD) strengthens amid heightened tensions in the Middle East. At the time of writing, the pair trades around 1.1405, hovering near one-week lows.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Canadian Dollar (CAD) is underperforming other high-beta currencies after the Trump administration announced a 50% tariff on nearly $20 billion o…
Lee Hardman at MUFG highlights that the Pound has modestly recovered after losses following Andy Burnham’s appointment as UK Prime Minister, while long-dated gilts remain under pressure. Market focus …
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the Dollar is drawing broad-based support as markets slowly react to escalating tensions in the Gulf. They argue USD sti…
BNY’s Geoff Yu notes that the U.S.–Iran confrontation and Houthi threats in the Red Sea are sustaining a geopolitical premium in Brent and WTI. Brent has risen toward $88 per barrel, with risks that S…
The Japanese Yen (JPY) continues to trade on the defensive against the US Dollar (USD), lingering near year-to-date highs just below the 163.00 handle. Driven by global energy price shocks stemming fr…
Gold (XAU/USD) edges higher on Tuesday as buying interest around the $4,000 psychological level supports prices, while traders assess developments in the Middle East and their potential economic fallo…