Leadership race shapes fiscal outlook – TD Securities

Leadership race shapes fiscal outlook – TD Securities

TD Securities’ James Rossiter and Julie Ioffe argue that Prime Minister Starmer is likely to be replaced by late September, with Labour’s leadership race centering on Burnham, Streeting, Rayner and Miliband. They expect Labour to shift left over time, with higher spending and taxes, possible defence-rule carve‑outs, but no early general election before at least […]

WTI Oil extends rally as Trump touts China demand, Hormuz risks linger

WTI Oil extends rally as Trump touts China demand, Hormuz risks linger

West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day and breaking above the $100 level to reach a fresh weekly high. Markets are reacting to comments from US President Donald Trump, who said that China agreed […]

Euro gains against British Pound amid rising UK leadership uncertainty

Euro gains against British Pound amid rising UK leadership uncertainty

EUR/GBP climbs to near one-month highs on Friday as rising political uncertainty in the United Kingdom (UK) pressures the British Pound (GBP). At the time of writing, the cross is trading around 0.8726, on track for weekly gains. Sterling came under renewed pressure as speculation surrounding a possible leadership challenge to UK Prime Minister Keir […]