Andy Burnham to unveil EU trade deals worth billions of pounds
Agriculture, youth visas and emissions agreements nearly tied up under PM’s plan for a much closer relationship with Brussels
Economy
USD/JPY Faces a 160 Ceiling as December Rate Hikes Threaten Yen Carry Trades
USD/JPY traded at 157.85 on Monday, November 2, up 0.18% from the previous session’s close near 157.56. The pair spent the European and early U.S. sessions inside a narrow band between 157.64 and 157.91, holding most of…
Euro: Rebound toward 1.1275 in focus against US Dollar - Scotiabank
Scotiabank’s FX team reports the Euro slightly lower versus the Dollar, as ECB officials keep a hawkish stance with December tightening still priced. Despite softer Oil, European energy concerns persist.
AIG beats profit estimates on premium growth, investment income
Insurance provider American International Group, Inc. AIG is set to report its third-quarter 2026 results on Nov. 3, 2026, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings i…
Copper: Supply risks grow despite strong US imports – Commerzbank
Commerzbank’s commodity team highlights disappointing Chilean Copper output, leaving third‑quarter production at a two‑decade low. Cochilco now forecasts an 8.4% slump in 2026 output and only a modest 3% recovery in 202…
Canadian crude discount with U.S. at widest level since 2018
Electricity generated from all sources in Canada totalled 625.2 million megawatt-hours (MWh) in 2025, up 2.6% over 2024 and enough electricity to power 56 million homes for a year. Meanwhile, electricity available for c…
ECB likely to raise rates in December, says Nagel
Another European Central Bank rate increase in December appears close to certain, Bundesbank President Joachim Nagel said on Tuesday, according to Reuters. Nagel, described by the source as an influential voice on the E…
Hackers behind $6.3bn Binance heist ‘used malware and bogus job interviews’
The hackers behind the $6.3bn (£4.7bn) Binance heist used bogus job interviews, malicious software and an internal AI tool, the company has revealed.
Primark brings forward home deliveries plan by two years as profits slide
LONDON, Nov 3 (Reuters) - Associated British Foods on Tuesday forecast another year of lower profits after reporting a 14% fall in earnings for 2025/26, pressured by deepening losses in its sugar business and lower unde…
British Pound: Resistance caps recovery against US Dollar – Scotiabank
Scotiabank analysts highlight the Pound trading steady against a mixed Dollar ahead of key risk events, including US midterms, UK PMI data, and the BoE decision.
Protect Poundland from predatory capitalism, MPs tell government
Poundland’s owners must explain why they have rejected offers to save the troubled discount chain, Downing Street has said, as the Business Secretary prepares to meet them amid fears for thousands of jobs.
Brent: Pullback on US-Iran talks – ING
ING strategists Warren Patterson and Ewa Manthey note a sharp correction in Brent, with ICE Brent dropping 7.6% and falling back below $105/bbl as hopes for US-Iran talks grow ahead of US midterm elections. They highlig…
Silver: Price decline seen as excessive - Commerzbank
Commerzbank’s Carsten Fritsch notes Silver has dropped to USD 48.6 per troy ounce, a 12‑month low, and is underperforming Gold as the gold/silver ratio reaches 80. He sees no Silver-specific trigger, citing tech-stock a…
United States: Cost-of-living strains shape midterm risks – BNP Paribas
BNP Paribas analyzes how the rising cost of living has become central to US Midterms, despite solid growth and low unemployment. The report argues that inflation, weaker wage dynamics and housing pressures are eroding h…
FTSE 100 drops amid global tech rout, looming U.S. mid-terms and BoE
Nov 2 (Reuters) - A global stock rebound petered out on Monday, with selling among popular technology issues picking up in the US afternoon in the latest sign of angst over the underpinnings of the AI market rally.Â
Euro trades flat as US midterms and US-Iran developments keep traders cautious
EUR/USD trades little changed on Tuesday amid a cautious market mood as traders watch the US midterm elections. US-Iran developments also remain in focus. At the time of writing, the pair trades around 1.1180, down 0.10…
Gold: Price decline seen as excessive – Commerzbank
Commerzbank’s Carsten Fritsch notes that the Gold price dropped 3.7% on Friday to USD 3,870 per troy ounce, extending October’s loss to almost 7%. He links the sell-off to forced liquidation by investors as equities cor…
Snap and crackle but no pop: Rice Krispies reformulated due to lack of rice
Kellogg’s substitutes ingredient with rice flour, as climate crisis affects availability of some grains
Guaranteed pension income ‘resurrected’ for 17m private sector workers
Ministers propose new guided retirement scheme to help give savers protection for life
Asda hires ex-Morrisons boss in bid to grow firm
David Potts takes charge of Asda, which is based in Leeds, with immediate effect.
British Pound flatlines as US jobs strength, election risks loom
The Pound Sterling (GBP) steadies against the US Dollar (USD), up a modest 0.10% on Tuesday, as investors await the results of the US midterm elections. US factory data and a stronger-than-expected US JOLTS report boost…
Japanese Yen struggles amid elevated Oil prices and wide rate differentials
USD/JPY edges higher on Tuesday as the Japanese Yen (JPY) underperforms its major peers, while stronger-than-expected US economic data lift the US Dollar (USD). Traders also monitor the US midterm elections and US-Iran …
Asda hires ex-Morrisons boss in bid to grow firm
David Potts takes charge of Asda, which is based in Leeds, with immediate effect.
Mining giant joins fight to stop killer toad march across Australia
Rio Tinto is jointly funding a A$28m "toad containment zoe" to protect the Pilbara region.