Market Pulse - Currencies
US shoots down Iranian claim drone violated its airspace
Iran’s Islamic Revolutionary Guards Corps shot down a US drone on Thursday claiming that it had violated the country’s airspace.
Trump believes he has power to replace Powell at Fed
US President Donald Trump believes that he has the power to replace the Federal Reserve’s chief Jerome Powell and demote him to governor.
Philly Fed index drops much more sharply than expected in June
Factory sector activity in the US mid-Atlantic region cooled a tad last month amid worries over global trade frictions, mainly between the US and Mexico, but some economists were expecting a rebound following the recent resolution of that dispute, subject to a thawing in the trade relationship between Washington and Beijing.
Bank of England votes unanimously to keep rates on hold
The Bank of England has left interest rates unchanged, it announced on Thursday, despite acknowledging that the outlook for the UK economy had weakened.
Rome extends financial olive branch to Brussels
Italy has earmarked more than €5bn to pay down debt as it looks to avoid being sanctioned for breaking European Union fiscal rules.
Federal Reserve keeps rates unchanged, Bullard dissents
The Federal Reserve kept rates on hold on Wednesday, but central bankers in Washington D. C. noted that "uncertainties" around the economic outlook had increased, with one rate-setter, James Bullard, breaking ranks and voting for an immediate 25 basis point reduction in the Fed funds rate.
UK CPI dips in May, but some economists still see hike in Bank Rate
Consumer level inflation slowed a tad last month, led by a seasonal decline in air fares and a drop in new car prices, but some economists still saw scope for Bank to hike interest rates before the year was out.
Bonds: Yields slump after dovish ECB
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
FX round-up: Euro dips as ECB sounds very dovish note
Sterling was slightly higher on Tuesday, as voting got under way in the second round of voting to choose the next Tory leader and European Central Bank chief Mario Draghi said rate-setters in the Eurozone were not resigned to simply accepting low inflation.
US dispatches 1,000 more troops to Middle East as tensions with Iran rise
The US government is sending an extra 1,000 troops to the Middle East in response to rising tensions with Iran and its “hostile behaviour”.
RBS hires head for its new digital banking business
RBS named Marieke Flament to head its business-focused digital bank which was set to launch as an app in August, the lender said.
TechFinancials slides as trading platform revenues dive by 70%
TechFinancials' shares plummeted on Tuesday after the company swung to an annual loss as revenue from its trading platform dropped by 70%.
Sector movers: Autos&Parts, Miners higher on hopes for Trump-Xi meetings
Cyclicals jumped higher after the US President said he had a "very good" telephone conversation with his Chinese counterpart Xi Jinping and that they would indeed meet during the -20 leaders' summit in Fukuoka, Japan, on 28-29 June.
Trump and Xi to meet at G-20 in Fukuoka
The US president and his Chinese counterpart will meet during the G-20 leaders' summit in Fukuoka, Japan, according to a post on the former's account on social media platform Twitter.
Facebook unveils Calibra, the new digital wallet for its crypto Libra
Facebook announced on Tuesday that it will open a new digital wallet called Calibra to allow users to trade its new cryptocurrency Libra by 2020.
MoneyGram shares surge as it strikes deal with Ripple
Shares in MoneyGram International more than doubled in pre-market trading on Tuesday, after cryptocurrency start up Ripple took a 10% stake in the global payments firm.
Pressure mounts on ECB as inflation cools in eurozone
Annual inflation in the eurozone eased to its weakest rate for a year in May, putting further pressure on the European Central Bank to take action.
ECB 'not resigned' to low inflation 'even for now', Draghi says
Policymakers at the European Central Bank "are not resigned" to a low rate of inflation for longer or "even for now", Mario Draghi said.
FX round-up: Traders look past BoE, Fed and push pound lower
Sterling continued drifting lower at the start of the week, even as traders waited on the result of policy meetings at the Bank of England, US Federal Reserve and Bank of Japan scheduled for over the coming week.
US Chamber of Commerce pushes for end to trade war
The US Chamber of Commerce called on the Trump administration to stop its trade war against China, pointing to an estimated $1trn in costs over the next decade as its main argument.