Author: admin

Pound Sterling (GBP) is also down 0.2% vs. the US Dollar (USD) with a modest pullback from Thursday’s fresh multi-year high, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

President Trump bought the EV to show support for the Tesla CEO Musk, who was catching flak for his work on DOGE for the Republican’s administration.

Comments from Bank of England rate-setter Megan Greene:

• Most of the near-term hump in inflation is due to one-off factors
• We expect inflation to continue to come down to target over medium term
• Our view is that we can look through it but of course that’s a big risk
• There is a risk people won’t consume even as rates come down
• Trade fragmentation should be disinflationary for the UK
• Going forward we could see policy divergence

I’d love to know more on why she thinks global fragmentation on trade — or deglobalization — will be disinflationary for the UK when intuitively it’s the opposite. In any case, she’s certainly dovish here. The market is pricing in 38 bps in BOE easing this year.

This article was written by Adam Button at www.forexlive.com.

Rare earth elements at the center of the U.S.-China trade fight. They are crucial for electric vehicles and other advanced technology.

United States Average Hourly Earnings (MoM) above forecasts (0.3%) in May: Actual (0.4%)

United States U6 Underemployment Rate remains unchanged at 7.8% in May

Canada Unemployment Rate in line with forecasts (7%) in May

Canada Participation Rate remains at 65.3% in May

The Pound Sterling (GBP) retraces to near 1.3535 against the US Dollar during the European trading session on Friday, falling from a fresh three-year high of 1.3620 posted the previous day.

Some workers unknowingly pay fees when they leave a job but don’t take their 401(k) with them. Those can eat into their retirement savings.