GBP/CAD

Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, ...

This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but there’s not much conviction. All it would take to wash away those ...

Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...

The World Cup is over. Well, it is for England anyway. And if, like me, you’re still coming to terms with yet another World Cup disappointment, the BBC had some advice this week: Focus on the wins! Not helpful if you’re German or Dutch (there just weren’t very many – sorry guys!). And perhaps best not to mention “there’s always next time” to the Italians – ...

Kevin Warsh is a man of catchphrases: task force, first principles, a good family fight. Catchphrases can be useful if we all attach the same meaning to them. Two days of hearings before Congress this week clarified that when Warsh commits to “price stability,” he attaches a different meaning to it than the rest of the Fed does. When I read “the Committee ...

British police have revealed how they worked alongside international partners to secure the conviction of three men involved in cryptocurrency fraud. A trial heard the men had impersonated police officers to defraud eight people of more than £4 million ($5.4 million) worth of crypto. Police found financial records which showed cryptocurrency linked to the ...

In the three months to May 2026, compared with the three months to February 2026: Real gross domestic product (GDP) grew by 0.7%, following a growth of 0.8% in the three months to April 2026 (revised up from a growth of 0.7% in our previous publication) and an unrevised growth of 0.6% in the three months to March 2026. Services output grew by 0.7%, after ...

A teenager has been found guilty of terrorism offences after collecting terrorist documents and offering cyber security advice to a terrorist group. Yusuf Shah, 18, was convicted at Kingston Crown Court following an investigation by Counter Terrorism Policing (CTP) London. Mr Shah was just 16 years old when he first came to the attention of the authorities, ...

On Monday, in a speech at the New York Association for Business Economics, Federal Reserve Governor Christopher Waller discussed the U.S. economic outlook and the implications for “monetary policy at a crossroads.” His remarks were more hawkish than many observers expected. Indeed, he’s the first voting member of the Federal Open Market Committee (FOMC) to ...

Britain aims to become the first major advanced economy to issue a digital sovereign bond by doing so by early ​next year, finance minister Rachel Reeves said in a speech on Tuesday. • Britain's "Digital Gilt Instrument" pilot was announced in 2024 and ⁠tests how distributed-ledger technology could make capital markets more efficient ⁠and reduce costs for ...