Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans
Bank to make ‘early settlement’ offers before outcome of legal battle, with those who accept likely to get money before Christmas
Economy
Gold turns lower again as volatile Oil prices keep traders cautious
Gold (XAU/USD) returns to negative territory on Tuesday as volatile Oil prices continue to shape price action. At the time of writing, XAU/USD trades around $3,933, down 0.31% on the day, but above its intraday low of $…
UK’s most polluting power plant could power country’s largest AI datacentre
Drax’s FTSE 250 owner strikes £20bn deal to build infrastructure in what it says is site’s ‘next chapter’
AUD/USD Price Forecast: Australian Dollar faces wrath of RBA’s dovish hike
The Australian Dollar (AUD) underperforms its major currency peers on Tuesday, trading 0.45% lower to near 0.6965 against the US Dollar (USD) during the European trading session.
Asda appoints former Morrisons boss as chief executive as sales struggle
David Potts to take over immediately as executive chair Allan Leighton steps back to non-executive strategic role
Democratic Sweep Can Weigh on the US Dollar
We don’t expect today’s US midterm results to cause structural shifts in FX, but the dollar may face some short-term pressure should the Democrats secure both the House (widely expected) and the Senate (close call). Els…
Swiss Franc: Gains against Euro toward May high - Societe Generale
Societe Generale strategists note EUR/CHF has broken a short-term uptrend and failed to hold its 200-day moving average, reinforcing downside momentum. The cross is drifting toward the May low near 0.9095, identified as…
FCA sets expectations for firms making car finance settlement offers
Almost 9 out of 10 (89%) car finance customers who have complained or are considering doing so want the choice of an offer of compensation now, rather than waiting for the legal challenges to the FCA's compensation sche…
Australian Dollar: Dovish hike weighs on aussie – Commerzbank
Norman Liebke at Commerzbank notes that the Reserve Bank of Australia (RBA) raised rates to 4.85%, but the Australian Dollar fell as markets saw the move as dovish. With growth and labour forecasts softening and inflati…
Euro struggles as oil gains weigh on EUR/CAD
EUR/CAD depreciates after registering gains the previous day, trading around 1.5620 during European hours on Tuesday. The currency cross is facing challenges as the Canadian Dollar (CAD) receives strong support from ris…
Regulators explore credit union reforms to support growth, innovation and better outcomes for members
Credit unions could benefit from several ideas put forward today by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) aimed at helping the sector grow, innovate and meet the changing needs …
UK and EU agree deal to remove Brexit checks on food and animal products
Agreement to ease rules on food imports and exports is expected to come into force in first quarter of 2028
New FCA rules bring ESG rating providers into UK regulation for the first time
New UK rules for environmental, social and governance (ESG) rating providers will raise standards in the market, helping investors to make better informed decisions.
Poundland staff could be out of work for years if retailer collapses, founder says
Steve Smith calls on owners to accept proposed buyout as 12,000 staff face uncertain future in run-up to Christmas
Euro: Hawkish ECB cushions losses against US Dollar - ING
Francesco Pesole at ING notes EUR/USD is trying to establish support around 1.1200 after a strong start to the week. A Democratic sweep could offer some help, but he does not foresee major sentiment changes. Persistent …
HSBC upgrades Twilio stock rating to hold on valuation
August 16, 2026, 1:06 AM EDT. Europe’s fifth heatwave of the year is exposing a widening gap between the economic damage caused by extreme heat and what traditional business-interruption policies cover. Moody’s estimate…
North Korea Denies Responsibility for $6.3B Binance Hack
The Democratic People’s Republic of Korea (DPRK) has rejected allegations by US investigators that it was responsible for last week’s hack on Binance.
RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time
Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008
WTI Price Forecast: Clings to modest gains above $96.00 as US-Iran peace hopes cap upside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some dip-buyers during the Asian session on Tuesday, reversing a part of the previous day's heavy losses to the $94.30 area, or an over two-wee…
US Midterms and Expanding European Government Bond Concerns
The United States has reached a significant milestone in its public finances, with federal debt held by the public climbing to approximately 100% of gross domestic product (GDP) for the first time since the aftermath of…
EUR/JPY Price Forecast: Holds above 176.50 near nine-day EMA
EUR/JPY inches lower after posting modest gains in the previous day, trading around 176.70 during Asian hours on Tuesday. The technical analysis of the daily chart suggests that the currency cross is remaining within a …
Gold weakens back below $3,950 as Fed hike bets weigh ahead of US midterm elections
Gold (XAU/USD) weakens further below $3,950 during the Asian session on Tuesday, reversing part of the previous day's recovery from a one-year low set last week. Data released on Monday showed that US manufacturing sect…
Australian Dollar declines after RBA hikes rates by 25 bps to 4.85%
The Australian Dollar (AUD) faces selling pressure against its peers after the Reserve Bank of Australia’s (RBA) interest rate decision. Against the US Dollar (USD), the Australian currency is down 0.25% to near 0.6975.
U.S. struck Iran’s Qeshm island, WSJ reports
Bill Emlyn Jones told jurors at Woolwich Crown Court that the defendants had visited addresses, taken photographs and recorded videos as requested by the Islamic Revolutionary Guard Corps. Their actions assisted the gro…