Sterling falls 0.4% against the dollar as political transition in Britain meets robust US economic activity reports. The British pound declined 0.4% to 1.3195 against the US dollar on Tuesday, retreating from a daily high of 1.3259. The move follows the resignation of UK P
Nomura strategists note Euro area business activity stayed in contraction in June, with the composite PMI at 49.5 despite a small rise. Price indices fell but remain well above 50, especially in manufacturing, leaving upward price pressures elevated compared with February
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is softer versus the US Dollar (USD) after mildly disappointing Purchasing Managers' Index (PMI) and CBI data, with market reaction muted. Political focus turns to Andy Burnham’s upcoming ec
US-based Howden Re has opened a new office in Dublin, marking its entry into Ireland as part of a wider push to expand across Europe. The company said the new base is aimed at deepening its role in Ireland's insurance and reinsurance sector and improving support for client
Scotiabank strategists see limited CAD recovery as US-Canada yield spreads remain unfavorable despite firmer May CPI data. The Canadian Dollar (CAD) posted its first gain against the US Dollar (USD) in eight sessions, supported by firmer May Consumer Price Index (CPI) data
June preliminary PMI data shows services growth accelerating while manufacturing contracts more than forecast, signaling mixed economic momentum. US flash services PMI climbed to 51.3 in June from 51.0 in May, exceeding expectations and marking the sixth consecutive month
Bank of Canada Governor Tiff Macklem cites China’s export surplus and US capital reliance as key drivers of widening imbalances. Bank of Canada Governor Tiff Macklem warned that rising global imbalances, driven by China’s export surplus and US dependence on foreign capital
The pair extends gains toward 0.8084-0.8104 resistance after the Fed’s hawkish policy shift bolstered demand for the dollar. USDCHF climbed to 0.8103 today, testing a critical resistance area between 0.8084 and 0.8104. The move follows last week’s rebound from support near
Utility-scale projects drive growth, with annual installations projected to reach 138 GWh by 2030, up from 36 GWh in 2025. Europe’s battery storage installations are set to quadruple by 2030, reaching up to 138 gigawatt-hours (GWh) annually, driven by utility-scale project
Funds and lenders focus on high-quality assets, leaving mid-tier and weaker companies struggling to secure financing. Europe’s private credit market has split into two distinct segments, with fierce competition for a small group of prized assets driving down pricing and te
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