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Fed's Powell has 'utmost integrity', says Bank of England's Bailey
LONDON, Aug 7 (Reuters) - U.S. Federal Reserve Chair Jerome Powell is a man of "utmost integrity", Bank of England Governor Andrew Bailey said, following sharp criticism of Powell's performance by U.S. President Donald Trump.Bailey declined to comment directly on whether he was worried b...Reuters
Thu, Aug 7
FOREX-Euro slips after new high on Ukraine talks, pound jumps after BoE
Sterling up as four BoE policymakers vote to keep rates unchangedEuro drops after hitting high on hopes for peace in UkraineRisks of partisanship in U.S. institutions weigh on dollarUS jobs data in focusBy Stefano Rebaudo Aug 7 (Reuters) - The euro edged lower after hitting a fresh 1-1/2-week...Reuters
Thu, Aug 7
Pound jumps, UK bond prices fall after 'razor-edge' BoE vote on rates
Aug 7 (Reuters) - The pound rallied and UK stocks and bond prices tumbled on Thursday after the Bank of England cut interest rates as expected, although concern over inflation among its policymakers stirred up unprecedented division.Reuters
Thu, Aug 7
Cannabis company Cronos Q2 revenue up 21% but misses estimates
OverviewCronos Q2 2025 net revenue grows 21% yr/yr, misses analyst expectationsGross profit rises significantly due to higher sales prices and efficienciesCo reports net loss of $38.5 mln, impacted by foreign exchange lossesOutlookCronos expects accelerated growth in H2 2025Company anticipates sales...Reuters
Thu, Aug 7
Swiss markets hold firm in the face of US tariff onslaught
Aug 7 (Reuters) - Swiss blue-chip stocks rose in line with broader markets on Thursday, keeping above this week's nearly four-month lows, while the franc steadied even as a 39% tariff on U.S. imports of Swiss goods took effect.Swiss President Karin Keller-Sutter left Washington empty-handed on W...Reuters
Thu, Aug 7
Brazil's Bolsonaro appeals house arrest order
By Ricardo Brito BRASILIA, Aug 6 (Reuters) - Lawyers for former Brazilian President Jair Bolsonaro appealed on Wednesday a house arrest order imposed against him earlier this week, a document sent to the Supreme Court and seen by Reuters showed.Bolsonaro was placed under house arrest on Monday af...Reuters
Thu, Aug 7
UK stocks, bond prices fall after narrow BoE vote on rates
Aug 7 (Reuters) - British government bond yields rose and stocks fell on Thursday after the Bank of England cut interest rates by 25 basis points as expected, but inflation fears meant four of its nine policy makers voted to keep rates on hold.Reuters
Thu, Aug 7
CEE MARKETS-Czech crown hits 18-month high as rate cut outlook eyed
BUDAPEST, Aug 7 (Reuters) - The Czech crown hit an 18-month high on Thursday ahead of a central bank meeting where interest rates are widely expected to remain unchanged, although investors will look for signs of whether the monetary easing cycle is at or near an end.Central European assets got a bo...Reuters
Thu, Aug 7
USD/JPY: Likely to trade between 146.90 and 148.00 – UOB Group
The current price movements still appear to be part of a consolidation phase, likely between 146.90 and 148.00. In the longer run, sharp drop in USD has scope to extend, but any decline may not break below 145.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 7
NZD/USD: Unlikely to be able to reach 0.5960 – UOB Group
New Zealand Dollar (NZD) could advance further but is unlikely to be able to reach 0.5960. In the longer run, NZD is expected to range trade, most likely between 0.5860 and 0.5960, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Aug 7
INDIA RUPEE-Rupee holds firm against Trump tariffs on RBI intervention expectations
By Ashwin Manikandan MUMBAI, August 07 (Reuters) - The Indian rupee shrugged off U.S. President Donald Trump's additional tariffs on Indian goods on Thursday, as traders and analysts bet on central bank support to steady the currency. The rupee INR=IN closed largely flat at 87.7025 again...Reuters
Thu, Aug 7
Swisscom says 2025 revenue will be at low end of guidance, flags soft B2B demand
Softer B2B demand weighs on sales, Swisscom says Swiss franc strength, price cuts and rising costs impact performanceH1 revenue rose 36.7% on Vodafone Italia acquisition, but fell 1.4% when adjusted for effectsBy Anastasiia Kozlova Aug 7 (Reuters) - Swisscom SCMN.S expects its annual revenue to l...Reuters
Thu, Aug 7
AUD/USD gains sharply to near 0.6540 on robust Australian Trade Balance data
The AUD/USD pair advances to near 0.6540 during the European trading session on Friday. The Aussie pair strengthens as the Australian Dollar (AUD) outperforms its peers, following the release of Australia’s Trade Balance data for June.
Fxstreet
Thu, Aug 7
AUD/USD: Current price movements are likely part of a 0.6450/0.6555 – UOB Group
There is scope for Australian Dollar (AUD) to test 0.6520 before a pullback can be expected. In the longer run, the current price movements are likely part of a 0.6450/0.6555 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 7
Deals of the day-Mergers and acquisitions
August 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** The previously announced acquisition of Britain's Argentex by cross-border payments provider IFX Payments has been terminated after the currency risk manageme...Reuters
Thu, Aug 7
GBP/USD: Clear break above 1.3385 is unlikely – UOB Group
Overbought advance in Pound Sterling (GBP) could extend against US Dollar (USD), but a clear break above 1.3385 is unlikely. In the longer run, GBP has likely entered a 1.3285/1.3425 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 7
