Market Pulse - Currencies
ECB's Rehn tells WSJ any new easing must be 'significant and impactful'
A top European Central Bank official argued at the end of the week for the monetary authority to err on the side of caution and deliver a larger than expected does of monetary stimulus when policymakers next met.
US housing starts beat forecasts in July
Residential building activity slowed a tad last month, but not in the key segment of single-family homes and a lead indicator for the sector outpaced economists' expectations.
FX round-up: Pound extends recent bounce
Sterling found a bid again on Thursday even as the US dollar continued to grind higher, particularly against the single currency.
Jefferies welcomes governance changes at Burford Capital, reiterates 'buy'
Analysts at Jefferies gave the 'thumbs up' to Burford Capital's response to shareholder concerns about governance, reiterating their 'buy' recommendation and 2,400p target price for the shares.
Empire State index picks up in August
Manufacturing sector conditions in the Federal Reserve Bank of New York's jurisdiction picked up in August.
China says it will retaliate against new US tariffs
Chinese officials labelled US plans to levy a 10. 0% tariff on approximately $300. 0bn-worth of the nation's exports a violation of the agreement reached between the two countries at the G20 leaders' summit in Osaka, Japan, and indicated that Beijing would retaliate in kind.
FX round-up: Pound finds a bid in risk-off session
The pound was buoyed on Wednesday by a stronger-than-expected reading on July consumer prices, despite the generally risk-off mood in markets.
Pelosi says trade deal with UK not possible if Good Friday accord compromised
House speaker Nancy Pelosi said on Wednesday that a trade deal between the US and the UK will not happen if the Good Friday accord is compromised.
ING: Brexit could be delayed with 40% chance of early elections
European bank ING said on Tuesday that it expects the Brexit exit date to be pushed back yet again, putting the odds of an early general election being called in the UK at 40. 0%.
FX round-up: Dollar snaps higher after Washington dials back on trade threats
The US dollar jumped back as risk aversion was reduced a notch by the US Trade Representative's announcement that Washington would dial back on its trade tariffs threats against Chinese exports.
US to postpone some China tariffs, talks set to proceed over next two weeks
The US administration announced on Tuesday that it would delay the implementation of some of the additional tariffs that were set to go into effect at the start of September until mid-December.
US CPI rises more quickly than expected in July
The cost of living in the US rose more quickly than anticipated in July amid broad-based gains in prices for goods ranging from energy to shelter or medical care services.
US small business confidence bounces back in July
Small businesses in the US recovered their confidence last month amid increased optimism for business conditions, real sales, and expansion, the results of a widely-followed survey showed.
Trump advisor would support UK choice of no-deal Brexit
US national security advisor John Bolton told Prime Minister Boris Johnson that his government would support a no-deal Brexit.
UK retailers ask for cuts to business rates to save high street
Over 50 major UK retailers have demanded the government reform what they said was a broken business rates system that was deeply damaging the state of the British high street.
FX round-up: Pound higher in risk-off session
Sterling traded on the front foot on Monday as traders booked profits on so-called short positions ahead of the release of readings for monthly employment and consumer prices due out later during the same week.
Merger talks between CBS and Viacom are continuing
CBS and Viacom are continuing to try and hammer out at a price for the merger of the two companies.
UK spends £4bn stockpiling goods in no-deal Brexit preparations
The UK has spent £4b. 0n stockpiling goods including food and medicine in preparation for a possible no-deal Brexit, latest research revealed on Monday.
Bonds: Gilts near record highs, Fitch positive on Portugal and Russia
These were some of the biggest moves in the most closely-followed 10-year sovereign bond yields:.
FX round-up: Pound clobbered after weak Q2 GDP
Sterling finished the week on a down note amid a pick up in 'market chatter' about a potential slide towards parity against the single currency given the new government's willingness to risk a 'no-deal' Brexit.