Fx

No confidence vote and early UK elections still most likely scenario, ING says
Westminster's decision to to suspend Parliament meant the withdrawal process would go down to the wire, raising the odds of the UK crashing out of the European Union without a deal "slightly", but a no-confidence vote that led to another Article 50 extension and new elections remained the most likely outcome - but only "narrowly" - analysts at ING said.

FX round-up: Traders rush to cover some shorts on Sterling 'just in case'
Traders were forced to cover some of their short positions against the pound after the French President appeared to leave the door open to a possible solution of the Irish Backstop question, which might suffice to avoid a disorderly withdrawal of the UK from the European Union.

China vows retaliation against any US wrong tariff action
China's Commerce Ministry said on Thursday that it hopes the United States will stop its wrongful tariff actions, warning that Beijing would retaliate for any new levies.

FX round-up: Pound dips as 'no-deal' Brexit risks rise
Sterling drifted slightly lower on Wednesday following the release of data showing a narrower than expected fiscal surplus for July as the government ramped up its Brexit preparations.

Bank to cut rates by 50 basis points after 'no deal' Brexit, Barclays says
The Bank of England would most likely be forced to cut rates again before the middle of next year after Britain leaves the European Union without a deal, leading to a jump in prices that would wallop the economy.

FX round-up: Pound edges higher following remarks by German Chancellor
Sterling edged higher in a risk-off session on Tuesday after German Chancellor Angela Merkel appeared to open the door to a compromise solution on the Brexit backstop.

Italian PM Giuseppe Conte resigns amid political crisis
Italian Prime Minister Giuseppe Conte resigned on Tuesday in the latest phase of the country's political crisis following Matteo Salvini’s grab for power.

FX round-up: Pound takes breather following recent bounce
Sterling traded slightly on the back foot at the start of the week as the US dollar continued to grind higher amid 'market chatter' regarding the prospect of easier monetary policy in China and the euro area in the near future.

German government ready to incur in deficit spending
The German government will break its self-imposed prohibition on so-called deficit spending if the economy falls into recession.
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.
US unit labour cost growth points to faster core inflation, economists say
Labour productivity in the States grew more quickly than expected during the second quarter, but so did unit labour costs.

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.

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.

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.

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.

Trump 'committed' to trade talks with China, downplays concerns
Donald Trump dismissed concerns about the trade war with China as his top economic advisor said he was committed to negotiations with Beijing.

FX round-up: Pound steady as traders mull US-China trade, no-confidence vote in Commons
The pound finished a smidgen higher on Tuesday as risk appetite recovered in the wake of the Chinese central bank's decision to rein in the recent slide in the country's currency.

US wants to reach a trade deal with China, Kudlow tells CNBC
The US President wants to reach a deal with China, but it has to be the right one, a top White House official said.

North Korea to invest stolen $2.0bn from crypto hacks on WMD programme
Experts at the UN said North Korean cyber agents had illegally raised an estimated $2. 0bn to invest in the country’s development of weapon programs.