Deutsche Financial institution claims danger of a ‘sterling crisis’ is growing as Truss results in being British isles prime minister

Vital Points

Truss won the race to triumph Boris Johnson as chief of the ruling Conservative Occasion on Monday, adhering to a drawn-out contest against former Finance Minister Rishi Sunak.
“With the existing account deficit previously at report stages, sterling involves significant funds inflows supported by improving investor self confidence and falling inflation anticipations. Having said that, the reverse is going on,” Deutsche Financial institution stated in a be aware Monday.

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Finance

Israel-Iran attacks and the 2 other things that drove the stock market this week

June 14, 2025

What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off […]

Finance

Power play: Two money managers bet big on uranium, predict long shelf life for gains

June 14, 2025

ETF Edge Power play: Two money managers bet big on uranium, predict long shelf life for gains Published Sat, Jun 14 202511:00 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source

Finance

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

June 14, 2025

Key Points “Credit cycling” is potentially risky behavior with credit cards, but isn’t widely known, experts said. It involves repeatedly maxing out cards and paying down the balance, effectively letting cardholders spend beyond their allotted credit limit. Card companies could close users’ accounts and cancel their rewards, among other risks, experts said. Source