GBP/USD
CNBC’s UK Exchange newsletter: An all-too-familiar dial tone from Vodafone
A logo on the exterior of a Vodafone Group Plc store in London, UK, on Monday, May 13, 2024. Bloomberg | Bloomberg | Getty Images This report is from the first-ever edition of CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and […]
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Britain’s economy shows signs of positive momentum — but the UK may not be out of the woods just yet
People walk in Trafalgar Square, London, on April 28, 2025. Adrien Fillon | Nurphoto | Getty Images It’s been rare for a string of positive economic news to emerge out of the U.K. in 2025 — but this week in particular has given Britain three reasons to be optimistic. Data on Friday signaled unexpected positive […]
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The dollar has fallen over 8% this year. How much further could it go?
Investment banks are warning of a potential structural decline in the U.S. dollar , citing risks ranging from dramatic shifts in U.S. trade policy to the potential unwinding of massive foreign investments in American assets. The dominant view among major institutions leans toward sustained dollar weakness. Deutsche Bank last week forecast a “structural dollar downtrend,” […]
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UK economy expands by 0.5% in February, more than expected
People browsing stalls along Portobello Road Market on Feb. 22, 2025, in Notting Hill, West London. Mike Kemp | In Pictures | Getty Images The U.K. economy grew by a higher-than-expected 0.5% month-on-month in February amid a jump in the services output, official data showed on Friday. Analysts had projected a monthly gross domestic product […]
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European stocks tank 6% at open as global tariff rout deepens
European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime. The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5% […]
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Europe stocks head for further declines after worst session in eight months as tariff turmoil continues
European stock markets were heading for a lower open on Friday, with investors still reeling from the scale of U.S. tariffs announced this week. The regional Stoxx 600 index closed 2.57% lower on Thursday, as the world digested the steep duties slapped by U.S. President Donald Trump on more than 180 countries, bringing fears of […]
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The biggest winners and losers in Europe as Trump announces sweeping tariffs
U.S. President Donald Trump stands, after delivering remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Leah Millis | Reuters Global markets, businesses and long-standing geopolitical relationships were thrown into disarray on Thursday, the day after U.S. President Donald Trump’s tariff policy — and Europe was not […]
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Investors are turning bearish on the U.S. dollar as Trump tariffs loom
Foreign currencies are advertised in a window in Times Square, one of New York’s and the nation’s top tourist attractions, on March 28, 2025, in New York City. Spencer Platt | Getty Images The rollout of U.S. President Donald Trump’s tariffs regime is dampening sentiment toward the dollar and prompting investors to look elsewhere for […]
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U.K. inflation cools to 2.8% in February but respite could be short-lived
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The U.K.’s inflation rate fell slightly to 2.8% in February, coming in just below analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists […]
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Trump’s trade war could have a clear winner: The UK
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images Global markets were hit with fresh volatility this week after U.S. President Donald Trump confirmed plans to impose tariffs on imports from three of America’s biggest trading partners. Trump on Monday agreed to pause […]
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