Pound takes breather after hitting highest point against dollar since 2022

Sterling's rally has sent it to its highest point against the greenback since 2022, but that's largely due to dollar weakness, analysts say

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06 Jun, 2025
/ 09:05

ECB Cuts Rates Again, Widening Gap With Federal Reserve

The European Central Bank cut its key interest rate to the lowest level since early 2023, a response to slowing inflation and threats to growth from President Trump’s trade war. The move deepens a divergence with the U.

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05 Jun, 2025
/ 12:18

Dollar Loses Ground After Lower-Than-Expected May Hiring

U.S. private-sector hiring misses forecast by a lot, weighing on the dollar. ADP reports job creation in May at 37,000, the lowest level since March 2023. It is down from 60,000 in April and WSJ consensus of 110,000.

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04 Jun, 2025
/ 13:21

Eurozone inflation cools to 1.9% in May paving way for interest rate cut

Core consumer price inflation, which strips out volatile factors, was slightly below estimates, at 2.3% year-on-year — having cooled from 2.7% in April.

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03 Jun, 2025
/ 09:20

The Dollar Is Close to Multiyear Lows

The dollar weakened against a range of currencies Monday. The WSJ Dollar Index recently traded 0.5% lower at 95.33, matching an end-of-day low hit a week ago. The next milestone to watch: last September's closing nadir of 95.

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02 Jun, 2025
/ 14:02

EU Sends Trade Team to Washington for Talks

The European Union sent a technical team to Washington for trade negotiations with the Trump administration, a spokesman said Monday. Over the weekend, the EU warned that Trump's new plan to double steel tariffs to 50% could imperil negotiations between the two economies and trigger retaliatory tariffs on U.S. goods. The spokesman reiterated that warning Monday, saying the EU was ready to take countermeasures if "our negotiations do not lead to a balanced outcome."

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02 Jun, 2025
/ 11:00

Bulgaria on Track to Adopt the Euro, Supporting the Economic Outlook

Bulgaria is on track to adopt the euro in January 2026, a development which would support the stability of the highly euro-ised economy, improve monetary-policy flexibility and enhance sovereign market access.

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02 Jun, 2025
/ 10:00

The Dollar Takes Another Hit From Trump’s New Tariff Threats

The currency was lower on Friday—including against the euro, Japanese yen and Canadian dollar—after Trump targeted Apple and the European Union in his latest trade broadside. Higher tariffs threaten Europe's already-anemic growth and will encourage the European Central Bank to cut interest rates more aggressively.

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23 May, 2025
/ 14:54

EU Won’t Comment on Trump Tariff Threat Before Call With Greer

The European Union won’t comment on President Trump’s threat to impose a 50% tariff on the bloc before a scheduled phone call between the two sides' top trade officials, an EU spokesperson said. EU Trade Commissioner Maroš Šefčovič is expected to speak with U.

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23 May, 2025
/ 13:07

Trump Threatens 50% Tariff on EU

President Trump threatened to impose a 50% tariff on goods from the European Union starting June 1, arguing that trade negotiations with the bloc aren't making progress. "Our discussions with them are going nowhere!" Trump said on his Truth Social platform on Friday. The EU "was formed for the primary purpose of taking advantage of the United States on TRADE," the president said in the post.

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23 May, 2025
/ 11:59

Top EU Official Slated to Meet With Scott Bessent Today

The European Union’s top economic official, Valdis Dombrovskis, is due to meet U.S. Treasury Secretary Scott Bessent on Thursday, at a gathering of economic policymakers in Canada. Dombrovskis said he would raise "trade points and the importance of making progress in EU-U.

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22 May, 2025
/ 07:21

Wall Street Is Down on the Dollar as Trade Unease Lingers

(Bloomberg) -- In a week that saw an epic rally in US stocks and recession calls cast aside, currency traders are just as bearish as ever on the American dollar. Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYCPower-Hungry Data Centers Are Warming Homes in the NordicsStrategists at JPMo

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16 May, 2025
/ 20:17

Trump: U.S. Has ‘All the Cards’ in EU Trade Talks

President Trump said the U.S. has “all the cards” in its trade discussions with the European Union. “The European Union is in many ways nastier than China. We've just started with them. We have all the cards.

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12 May, 2025
/ 14:20

EU to Set Out Potential U.S. Tariff Targets

The European Union is set to publish a list on Thursday of more than $100 billion​ worth of American products it could hit with tariffs if trade negotiations with the U.S. break down, people familiar with the matter said. The list was prepared by the European Commission, the bloc’s executive body, which is responsible for EU trade policy. The EU previously approved a separate list of 21 billion euros worth of U.S. imports that it had planned to hit with tariffs, including boats, soybeans, peanut butter and beef.

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07 May, 2025
/ 15:03

Slight Bounce by the Dollar Despite Weaker GDP

American advance GDP for the first quarter surprised at negative 0.3%.

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02 May, 2025
/ 09:30

Manufacturing Perks Up in Europe, Likely Helped by Rush to Beat Tariffs

European manufacturers probably got a fillip from trade tensions, new data indicates. Eurozone manufacturing activity rose to a more than two-year high this month, according to an early reading from an S&P Global purchasing managers index.

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23 Apr, 2025
/ 10:24

Italy: US Tariffs and Slow EU-fund Absorption Weaken Near-term Growth

Italy’s economy is set to grow more slowly in 2025-26 given US tariffs and delays in recovery-plan investments. Still, reforms and continuing EU-fund deployment should support medium-term growth after 2026.

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22 Apr, 2025
/ 20:17

Sovereign Credit: US Policy Shifts Point to Tariff-light, Trade-war, Economic-crisis Scenarios

Three scenarios for the sovereign credit outlook have emerged from the uncertainty over US trade policy – “tariff-light”, trade war, or a wider economic and financial crisis including introduction of capital controls.

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17 Apr, 2025
/ 17:45

ECB Cuts Rates to Counter Tariff Threat

The European Central Bank cut interest rates by a quarter point to offset the blow from tariffs, drawing attention from President Trump, who urged the Federal Reserve to follow suit. The euro weakened further against the dollar after the announcement.

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17 Apr, 2025
/ 12:20

Sterling Mostly Holds Strength Despite Lower Inflation

After quite an active week of British data, the pound has generally held its strength or gained in various pairs.

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17 Apr, 2025
/ 08:33

Challenges for the Pound After Inflation and GDP Edge Down

Despite a generally strong job report, the pound has held close to recent lows.

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24 Jan, 2025
/ 10:52

Sterling slumps to new low; gilt yields soar

Higher bond yields would usually support the country’s currency, but there are fears that the rising costs needed to support UK government debt could lead to further tax increases or spending cuts, hindering the chances of an economic recovery. Markets "continue to function in an orderly way" and movements in government borrowing costs were being driven by "a wide range of international and domestic factors," he added.

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09 Jan, 2025
/ 13:25

Further Losses for the Euro After the ECB Cuts Rates as Expected

Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.

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21 Oct, 2024
/ 13:00

European and US stocks down as Wall Street turns attention to Fed

US traders are looking to the Federal Reserve's interest rate decision, as well as key inflation data later on in the week.

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10 Jun, 2024
/ 07:50