GBP/USD
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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CNBC Daily Open: What to look out for as Trump 2.0 era starts
U.S. President Donald Trump during a rally at Capital One Arena ahead of the 60th presidential inauguration in Washington, DC, US, on Sunday, Jan. 19, 2025. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything […]
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UK economy’s disappointing November growth fuels the case for Bank of England rate cut
The Royal Exchange and the Bank of England. SOPA Images / Contributor / Getty Images The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading fueling expectations that the Bank of England will proceed with an interest rate cut next […]
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UK inflation unexpectedly cools to 2.5%, core price print slows further
LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile […]
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