GBP/NZD

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 ...

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 ...

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.

With North America hosting the largest-ever FIFA World Cup football (or soccer) tournament this summer, all three countries will naturally be rooting for the home team. But they are also hoping to capitalize on increased tourism, while containing costs related to security and infrastructure. Will their economies be triumphant? The 2026 edition of the ...

Former US Federal Reserve Chair Jerome Powell has warned against the politicisation of monetary policy amid President Donald Trump’s repeated attacks on the independence of the central bank. In a speech at an awards ceremony in Boston on Sunday, Powell said that the Fed had been undergoing a “stress test” like many other institutions in the Trump era. ...

Thank you, Jack, for that kind introduction. It is a great privilege to be here tonight with you, Ambassador Kennedy, and your family. And thank you to the JFK Library Foundation and the committee members for this honor. President Kennedy was an inspiring public servant who demonstrated compassion, grace, ingenuity, and courage during trying times. He was also a towering figure in my early life. In November 1963, I was a fifth grader at Blessed Sacrament School in Washington, D.C. That terrible afternoon, our teachers were suddenly called to the principal's office, only to return in tears. I remember that moment very clearly, and the dark days that followed. They made an indelible impression on me. I am one of the many whom President Kennedy inspired to serve the public. Sixty-two years on, it is worth remembering how fortunate we are to be Americans today, and to enjoy the fruits of 250 years of progress toward the Founders' timeless ideal that all of us are created equal. We inherit and hold in trust a nation built on the promise of freedom. We are blessed by the courage of previous generations who worked, sacrificed, and dreamed so that we could live in the strongest, most prosperous nation in the world. The United States has long been the leader of the world's freedom-seeking people—the indispensable nation. Other countries know us as a nation built on integrity, and that integrity must be maintained. President Kennedy upheld that tradition and resiste FORMER FED CHAIR JEROME POWELL WARNED THAT ALLOWING A PRESIDENT TO REMOVE FEDERAL RESERVE OFFICIALS OVER POLICY DISAGREEMENTS WOULD UNDERMINE THE FED’S INDEPENDENCE AND DESTROY ITS CREDIBILITY WITH THE PUBLIC.