Market Pulse - Currencies
UK Foreign Secretary Boris Johnson quits over May Brexit plan
UK Foreign Secretary Boris Johnson resigned on Monday following the departure of Brexit Secretary David Davis in protest at Prime Minister Theresa May's plans for a final deal with Brussels.
FX round-up: Pound slips on political confusion, Beijing fires warning shot?
It was a volatile trading session for Sterling on Monday, as market participants tried to work out what the most likely political scenarios and their implications were following the political tremors at the weekend.
Heavyweight economists say government regulation will 'use the hammer' on bitcoin
Three world-renowned economists have launched a scathing attack on bitcoin, arguing that the currency will be "regulated into oblivion" by governments around the world.
Chinese banks told to lower lending costs for smaller firms
Chinese lenders have been instructed to cut their rates on loans to small firms this quarter.
Barnier 'ready to adapt' Brexit offer if Theresa May switches up her red lines
Brussels' has indicated its willingness to switch up its Brexit position if Theresa May was prepared to soften her negotiating red lines.
FX round-up: Pound slips despite rising odds for August BoE rate hike
Sterling strengthened on Thursday - but later fell back - as the Governor of the Bank of England left the door open to a hike in Bank Rate when the Monetary Policy Committee.
World Cup preview: Uruguay v France, Brazil v Belgium
After two unbearable days of no football, in which most England fans have hopefully recovered from one drink too many and stress-induced headaches, the World Cup returns on Friday for the first two quarter-finals.
Carney sees economy bouncing back, boosting rate-rise expectations
The governor of the Bank of England said the UK economy was bouncing back from a weather-induced slump in activity, reinforcing expectations the BoE would increase interest rates in August.
FX round-up: Bounce in pound stalls ahead of major risk events
The pound continued to grind higher versus the US dollar, propelled by a much better-than-expected reading on the UK services sector, which accounts for the lion's shares of economic activity in the country.
China pressures EU for anti-US trade alliance
Brussels is under pressure from China to form an alliance against US President Donald Trump’s aggressive trade policies, according to European officials.
Market buzz: Redburn cynical on Burberry; FTSE shaken to the (Glen)core
1456: JPMorgan Cazenove analysts have highlighted favourite SMID investment opportunities, including Arrow Global, Cineworld, Gulf Marine Services and Vectura.
FX round-up: US dollar jumps as own PMI outstrips rivals
A better-than-expected print on the state of factory sector conditions in the States relative to those in China, the euro area and the UK saw the US dollar climb sharply on Monday.
Merkel faces crisis as interior minister offers to resign over migration battle
Germany's political landscape has become clouded by uncertainty after the country’s interior minister, Horst Seehofer, tendered his resignation after a showdown with Chancellor Angela Merkel over immigration.
China Caixin factory sector PMI edges lower in June
A closely-tracked gauge of economic activity in China eased a tad in June, pointing to slightly slower growth in the Asian giant on the back of slower credit growth and trade tensions, economists said.