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USD/CAD weakens on Thursday, trading around 1.4100 at the time of writing, down 0.1% on the day after hitting a seven-month peak at 1.4140 in the previous day.

The food delivery platform said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.

Gold (XAU/USD) edges higher on Thursday, reclaiming the key $4,000 psychological mark as the US Dollar (USD) softens. At the time of writing, XAU/USD is trading around $4,016, extending gains for the second consecutive day, up nearly 0.80%.

United Kingdom BoE MPC Vote Rate Hike meets forecasts (0)

United Kingdom BoE MPC Vote Rate Unchanged registered at 5, below expectations (6)

• Prior 4.00%
• Bank rate vote 5-4 vs 6-3 expected (Breeden, Ramsden, Dhingra, Taylor voted for 25 bps rate cut)
• Prior 7-2
• CPI inflation is judged to have peaked
• Progress on underlying disinflation continues, supported by the still restrictive stance of monetary policy
• The risk from greater inflation persistence has become less pronounced recently, and the risk to medium-term inflation from weaker demand more apparent
• Overall, the risks are now more balanced; but more evidence is needed on both
• The restrictiveness of monetary policy has fallen as Bank Rate has been reduced
• The extent of further reductions will therefore depend on the evolution of the outlook for inflation
• If progress on disinflation continues, Bank Rate is likely to continue on a gradual downward path
• Most members placed some weight on the scenario that domestic inflationary pressure has faded more quickly than was assumed in the central projection
• Greene, Lombardelli, Mann, Pill placed greater weight on risks of persistence in inflation, requiring more prolonged monetary policy restriction
• These members were concerned that this could stall, as they placed particular weight on the risk of higher inflation expectations or structural shifts leading to inflation persistence
• Bailey judged that overall risks to medium-term inflation had moved down to become more balanced but there was value in waiting for further evidence
• Breeden, Ramsden, Dhingra, Taylor dissented in favour of cutting bank rate by 25 bps at this meeting
• These members attached a greater weight to downside risks, given that these would reflect a continuation of current trends, with particular concerns that household saving would remain elevated and weigh on consumption
• Dhingra and Taylor argued that policy was already significantly over-restrictive
• Full statement

This article was written by Justin Low at investinglive.com.

The highest dose of Eli Lilly’s weekly injection helped patients with obesity or who are overweight lose 20.1% of their body weight on average at 48 weeks.

The GBP/USD pair trades with a positive bias for the second straight day on Thursday and looks to build on the previous day’s bounce from the vicinity of the 1.3000 psychological mark, or a nearly seven-month low amid a softer US Dollar (USD).

The AUD/USD pair edges higher to near 0.6505 during the European trading session on Thursday. The Aussie pair ticks up as the US Dollar (USD) extends its correction amid rising United States (US) economic concerns due to the ongoing federal shutdown.