Pound Sterling declines as BoE hike bets ease

Pound Sterling declines as BoE hike bets ease

GBP/USD loses ground for the third successive day, trading around 1.3520 during the Asian hours on Friday. The Pound Sterling (GBP) remains under pressure as traders pare back expectations for a Bank of England (BoE) rate hike, amid increasing optimism that tensions in the Middle East may be easing. BoE Governor Andrew Bailey told BBC […]

G7 finance leaders warn of growing economic risks from the Middle East war

G7 finance leaders warn of growing economic risks from the Middle East war

Finance ministers from the Group of Seven (G7) on Friday emphasized the urgent need to limit the economic repercussions of an ongoing Middle East conflict, highlighting a commitment to pursuing enduring peace. Key quotes G7 finance ministers concluded unanimously it was urgent to limit cost for global economy of an enduring Middle East conflict statement.G7 […]

Growth beat overshadowed by weak demand – TD Securities

Growth beat overshadowed by weak demand – TD Securities

TD Securities strategists highlight that China’s Q1 Gross Domestic Product (GDP) reached 5.0% year-on-year, at the top of the official target range, driven by strong exports and early bond quota usage. However, they underline soft retail sales, property-related weakness, higher unemployment and slowing export growth, suggesting current activity concerns overshadow the solid headline, with implications […]