US strikes $1.2bn deal to pay German firm to halt offshore wind projects
The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.
Economy
Gold heads for best week since January after disappointing NFP
Gold (XAU/USD) extends its recovery on Friday as weaker-than-expected US payroll growth weighs on the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades around $4,356 after hitting $4,371, it…
Rail passengers face second day of disruption across north-west England
Problems after power failure at regional signalling centre likely to continue until noon on Friday
US President Trump: Warsh is great and I won’t criticize him
United States (US) President Donald Trump said in an interview with Punchbowl, released during the European trading session on Friday, that a potential interest rate hike by the Federal Reserve (Fed) is not completely o…
Global food prices at three-year high as heatwaves and wars push up crop costs
UN index says weather is affecting wheat yields while conflicts in Ukraine and Iran hit exports and drive up prices
USD/CHF Price Forecast: Dollar eases towards 0.8100 ahead of the NFP release
The US Dollar (USD) pares gains against the Swiss Franc (CHF) on Friday, with the USD/CHF pair drifting towards the 0.8100 level, after rejection at 0.8136 highs on Thursday.
Gold Price Forecast: XAU/USD rallies further with bulls eyeing $4,380 area
Gold (XAU/USD) resumes its bullish trend on Friday, after a brief consolidation on Thursday, to reach fresh three-week highs above $4,300, with bulls aiming for mid-June highs in the $4,380 area. The precious metal is o…
The Bond Market Is Sending Gold a Debt Warning
In today’s update: US fiscal pressure and gold prices are moving in lockstep today — with the Fed frozen at 3.50–3.75%, Treasury’s own debt buyers flagging a $1.3 trillion shortfall, and services inflation stuck at a fo…
Bonds in Your Portfolio: Why Ditching Them Is the Wrong Move
Lately, it seems like you can’t open a financial publication without stumbling across another article declaring the 60/40 portfolio dead. The pitch is everywhere: bonds are broken, the old rules no longer apply, and inv…
US Nonfarm Payrolls set to rebound in July as markets reassess Fed rate path
The United States (US) Bureau of Labor Statistics (BLS) is set to release the Nonfarm Payrolls (NFP) data for July on Friday at 12:30 GMT.
What can Dublin teach us? Milburn goes on a quest to solve youth jobs crisis
The former UK minister discovers how apprenticeships and support networks helped slash Ireland’s Neet rate
UK house prices flat in July, says Lloyds, as buyers struggle with affordability
UK house prices were broadly stagnant in July as prospective buyers were squeezed by higher mortgage rates, uncertainty around the Middle East and stretched affordability, according to the lender Lloyds.
Polish Zloty: Near-term EUR/PLN forecast raised to 4.30 – Commerzbank
Commerzbank’s Tatha Ghose raises the near-term EUR/PLN forecast from 4.20 to 4.30, citing recent global risk-off moves and uncertainty surrounding the oil price shock.
Boeing 737 Max operators told to check fuselages for cracks
The US aviation regulator has ordered inspections of the fuselages of Boeing 737 Max planes for possible cracks in a component.
FX Outlook: High-Stakes Payrolls
Kevin Warsh’s ambiguity at the July FOMC means data releases like today’s payrolls carry greater risks of an outsized market reaction. Our call (70k) is close to consensus (80k), with only a tick higher in unemployment …
NFP or Iran: Which factor will break the US Dollar Index out of its consolidation?
The US Dollar Index (DXY) trades around 99.95 at the time of writing on Friday, virtually unchanged on the day, as investors refrain from placing aggressive bets ahead of the release of the July US employment report.
ECB publishes consolidated banking data for end-March 2026
Common Equity Tier 1 ratio of credit institutions headquartered in the EU in March 2026
Saudi Arabia warns to step up attacks on Houthis – The Guardian
According to a report from The Guardian, Saudi Arabia aims to extend its military operations against Iran-aligned Houthis for attacking the Najran province, which is located in its southern region, and Yemeni government…
Burnham urged to tackle cost of living crisis by pressuring Trump to end Iran war
Trade unions have called on Andy Burnham to tackle the cost of living crisis at its source by pressuring Donald Trump to bring the conflict in the Middle East swiftly to an end.
British Pound remains weaker as UK-US yields narrow, US Dollar strengthens
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the British Pound (GBP) softens even as United Kingdom (UK) political risk fades.
July’s heatwaves kept UK shoppers away from high street
Visits down 3.8% after 6.2% fall in June, with many choosing to buy online instead, research for retail body finds
Trump imposes 15% tariff on key chip material to counter China
The move aims to protect US firms as they face increasing competition from China's chip industry.
Australian Dollar bulls remains on the sidelines as Iran risks support USD ahead of US NFP
The AUD/USD pair steadies around the 0.7030-0.7025 region during the Asian session on Friday as traders opt to wait for the release of the closely watched US monthly employment details before placing fresh directional b…
Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data
AUD/JPY halts its three-day winning streak, trading around 111.30 during the Asian hours on Friday. The currency cross depreciates as the Australian Dollar (AUD) loses ground, driven by a surge in global safe-haven dema…