GBP/AUD

Shrinking order books and rising economic uncertainty contributed to another steep decline in UK construction activity during May. At the same time, higher energy, fuel and transportation costs led to the fastest pace of input price inflation since June 2022. At 38.2 in May, down from 39.7 in April, the headline seasonally adjusted S&P Global UK ...

Reserve Bank of Australia Governor Bullock expects inflation to increase further in the short term. RESERVE BANK OF AUSTRALIA’S BULLOCK SAYS ECONOMIC DATA SINCE MAY HAS NOT SIGNIFICANTLY DEVIATED FROM FORECASTS. ... Just in | RBA Governor Bullock notes early signs of tightening effects, with full impact expected in 1 to 2 years. Reserve Bank of Australia Governor Bullock says inflation remains too high and the board will act to achieve its mandate of price stability and full employment.

As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy. One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation ...

The U.S. Trade Representative has issued an overnight statement and proposed a new round of tariffs of at least 10% on imports from 60 trading partners, marking the administration's largest attempt yet to rebuild its tariff empire after the Supreme Court struck down earlier levies. The new duties stem from Section 301 of the Trade Act of 1974, which ...

Latest survey data indicated a setback for the UK service sector as output levels fell for the first time in just over a year. This mostly reflected a sustained reduction in new work. Weaker demand was attributed to elevated risk aversion among clients and pressure on budgets from sharply rising inflation. The headline seasonally adjusted S&P Global UK ...

The Trump administration is proposing that tariffs of 10% or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor. The report released early Wednesday by the U.S. Trade Representative said Canada, Mexico, Taiwan and the United Kingdom and some other countries would face ...

Key statistics: The Australian economy rose 0.3% in seasonally adjusted chain volume measures. • In nominal terms, GDP rose 0.6%. • The terms of trade rose 1.1%. • Household saving to income ratio fell to 6.2% from 7.0%. Unless otherwise stated all figures are in seasonally adjusted, chain volume measures. The reference year for chain volume measures is ...

Fed's Chair Warsh names two conservative policy veterans as interim advisers, Paul Winfree and Daniel Heil, who are to work as temporary contractors to support policy analysis and planning - WSJ citing Source. New: Kevin Warsh has tapped two outside associates as advisers—in as temporary contractors for now. Both are budget policy specialists, and one wrote the Fed chapter of Project 2025, which endorsed a radical restructuring of the central bank.

BoE Gov. Bailey: Policymakers facing growth/inflation trade-off BAILEY: INFLATION OVERSHOOT ENTIRELY DUE TO GULF EVENTS BoE Gov. Bailey: Outlook is for slower growth, not recession. Just in | BoE Governor Bailey: Future Events Remain Highly Unpredictable.

ESG technology is transforming the way mining operations run, enabling smarter, greener options that weren’t available until recently. Environmental, social and governance (ESG) considerations have moved from the margins of mining strategy to the centre of how modern Australian operations are designed, approved and run. Beyond policy and reporting ...