Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. The growing interest of US financial institutions in contracts that allow people to bet on future events is fueling new growth in a market best known for the battle over regulation of the legality of betting … Read more
As Labour implements its ‘growth’ agenda, Rachel Reeves will be guided by one overarching thought. As a former Bank of England economist, she knows more than most that the formidable power of the vigilant bond market – investors intent on intimidating errant governments for their own gain – must be her guiding light. If Liz … Read more
New Labour Prime Minister Keir Starmer will make his position known during the Speech from the Throne on July 17. (REUTERS/Reuters) The Labour Party won a landslide victory on Thursday night, taking the British Parliament to 412 seats by Friday afternoon. Eleven members of the outgoing Conservative government lost their seats, in a defeat for … Read more
The Labour Party’s landslide victory in Thursday’s British election means it takes power in the country after more than a decade under the leadership of the Conservative Party. The change comes at a time when there is still a lot of economic uncertainty in the country, the effects of higher inflation are still being felt … Read more
The Labour Party was widely expected to win a large majority and traders had already priced this in. This led to a muted reaction for the pound. Friday, July 5, 2024 07:07, UK The pound held steady against the US dollar after an exit poll showed the Labour Party on course for a landslide victory. … Read more
Forget the British general election. The poll that financial markets will be watching most closely in the coming days is the second round of parliamentary elections in France this Sunday. The French poll is unpredictable, to say the least. The first round of voting The prospect of a stalemate in parliament was already raised last … Read more
Forget the British general election. The poll that financial markets will be watching most closely in the coming days is the second round of parliamentary elections in France this Sunday. The French poll is unpredictable, to say the least. The first round of voting The prospect of a stalemate in parliament was already raised last … Read more
Rising sovereign debt could disrupt global financial markets, the head of the body that advises central banks said on Sunday ahead of France’s high-stakes parliamentary elections. Agustín Carstens, chief executive of the Bank for International Settlements (BIS), said the global economy was heading for a “soft landing” after the inflation crisis, but he warned that … Read more
Oil prices have risen sharply over the past three weeks as geopolitical tensions have increased, but worrying economic data from the US could send prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with … Read more
Oil prices have soared over the past three weeks as geopolitical tensions increased, although economic data in the US could drive prices back down. Friday June 28, 2024 All eyes are on US inflation data as crude oil prices have maintained their hot streak and are expected to end this week with a third weekly … Read more