The pound sterling fell 0.2% against the dollar in July to 1.3553 following the stagnation of the UK economy. However, the currency is poised for its second consecutive weekly rise, increasing by
The pound started the week evenly on Monday, remaining stable at $1.3513. It had risen 0.5% on Friday following the surprisingly weak US employment data, recording its biggest daily rally in two
The dollar fell to its lowest level in seven weeks on Tuesday. Investors anticipate that downward revisions to US employment data could reveal weakness in the labor market, potentially accelerating Fed interest
Unilever’s ice cream unit, led by Magnum, which it is preparing to split, forecasts an average annual 3-5% organic sales growth from 2026 onwards. The new company will include Magnum, Ben &
Russian President Vladimir Putin, Chinese leader Xi Jinping and Indian Prime Minister Narendra Modi met at the Shanghai Cooperation Organization (SCO) summit in Tianjin, sending a remarkable message of solidarity. The summit
The Indian rupee hit a historic low of 88.33 against the dollar this week. However, according to a Reuters survey of currency strategists, sharper declines are not expected in the near term.
After two defeats in lower courts, US President Donald Trump is preparing to appeal to the Supreme Court to protect his emergency tariffs. However, according to experts, he faces difficult legal questions.
One of the largest banks in the US, U.S. Bancorp, has relaunched its corporate bitcoin custody service after more than three years. The decision is driven by the Trump administration’s pro-crypto policies
Although global bond markets saw a brief period of stability on Wednesday, high borrowing costs continue to fuel concerns from Japan to the UK and the US. In Japan, the resignation of
Gold prices retreated on Thursday due to profit-taking after reaching a record high on Wednesday. Spot gold fell 0.4% to $3,542.97 an ounce, while December US gold futures contracts fell 0.9% to