News
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GBP/USD: Greenback weakens and BoE rate cut bets decline
GBP/USD extended recent bullish momentum on Thursday, gaining over two-thirds of one percent on the day and climbing above key technical indicators as market rebalance both a weaker US Dollar (USD) and a stronger Pound Sterling (GBP).
Fxstreet
Thu, Aug 7
USD/CAD weakens to below 1.3750, Canadian jobs report in focus
The USD/CAD pair trades in negative territory around 1.3735 during the early Asian session on Friday. The Greenback edges lower against the Canadian Dollar (CAD) as traders boost bets that the US Federal Reserve (Fed) will cut rates in September after weak US Nonfarm Payrolls (NFP) data.
Fxstreet
Thu, Aug 7
Vitalhub Q2 revenue beats estimates
OverviewVitalhub Q2 total revenue up 47% YoY to CAD 23.9 mln, beating estimates, per LSEG dataAdjusted EBITDA rises 50% YoY to CAD 6.3 mlnAnnual recurring revenue grows 55% YoY to CAD 79.6 mlnOutlookCompany aims to continue international expansion with current cash and ARRResult DriversORGANIC GROWT...Reuters
Thu, Aug 7
TTEC beats Q2 revenue estimates, raises FY guidance
OverviewTTEC Q2 2025 revenue falls 3.8% but beats analyst expectations, per LSEG dataAdjusted EPS for Q2 2025 beats estimates at $0.22, per LSEG dataAdjusted EBITDA for Q2 2025 beats expectations, totaling $51.8 mln, per LSEG dataOutlookTTEC raises full-year 2025 revenue guidance to $2.064 bln-$2.11...Reuters
Thu, Aug 7
Karat Q2 net sales rise 10%, beating analyst expectations
OverviewKarat Q2 net sales rise 10.1% to $124 mln, beating analyst expectations, per LSEG dataAdjusted EPS, net income, and adjusted EBITDA missed analyst estimatesCo navigated tariff uncertainty with alternative sourcing, enhancing supply chain resilienceOutlookKarat expects Q3 net sales to rise hi...Reuters
Thu, Aug 7
Canada's Guardian Capital Q2 revenue misses estimates
OverviewGuardian Capital fiscal Q2 revenue misses analyst expectationsNet earnings attributable to shareholders swing to CAD 55.2 mln profitTotal client assets decrease mainly due to currency fluctuationsResult DriversREVENUE MISS - Revenue of CAD 90 mln missed analyst expectations of CAD 98 mln, im...Reuters
Thu, Aug 7
ANALYSIS-Investors game out market reaction to Fed chair replacement favorites
Trump has narrowed the possible replacements for Powell to a short list of four or fewerOnline betting markets show Waller, Hassett and Warsh in the lead to replace PowellMarket reaction could heavily depend on whether the nominee is seen as a Trump loyalistBy Saqib Iqbal Ahmed NEW YORK, Aug 7 (R...Reuters
Thu, Aug 7
ANALYSIS-Investors game out market reaction to Fed chair replacement favorites
Trump has narrowed the possible replacements for Powell to a short list of four or fewerOnline betting markets show Waller, Hassett and Warsh in the lead to replace PowellMarket's reaction could heavily depend on whether the nominee is seen as a Trump loyalistBy Saqib Iqbal Ahmed NEW YORK, Au...Reuters
Thu, Aug 7
FOREX-Dollar gains on report Waller favored for Fed head
Dollar gains on report Waller favored to head FedSterling up as four BoE policymakers vote to keep rates unchangedDollar faces weakness on more dovish Fed outlookBy Karen Brettell Aug 7 (Reuters) - The U.S. dollar rose on Thursday after Bloomberg News reported Federal Reserve Governor Christopher...Reuters
Thu, Aug 7
CANADA FX DEBT-Canadian dollar pulls back from 10-day high ahead of key jobs report
Canadian dollar dips 0.1% against the greenbackTouches an earlier 10-day high at 1.3719Price of U.S. oil decreases 0.5%Bond yields edge lower across the curveBy Fergal Smith TORONTO, Aug 7 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an e...Reuters
Thu, Aug 7
GBP/USD jumps as BoE delivers hawkish cut, US jobless claims climb
The GBP/USD surges during the North American session, though trading below an eight-day high reached at 1.3436 after the Bank of England (BoE) decided to cut interest rates on a close vote split, signaling that policymakers remained worried about inflation.Fxstreet
Thu, Aug 7
FOREX-Dollar gains on report Waller favored for Fed head
Dollar gains on report Waller favored to head FedSterling up as four BoE policymakers vote to keep rates unchangedEuro briefly boosted by hopes for peace in UkraineDollar faces weakness on more dovish Fed outlookBy Karen Brettell Aug 7 (Reuters) - The U.S. dollar rose on Thursday after Bloomberg ...Reuters
Thu, Aug 7
GBP/JPY climbs past 197.00 as BoE rate cut sparks cautious optimism
The British Pound (GBP) extends gains against the Japanese Yen (JPY) for the third consecutive day as traders react to the Bank of England’s (BoE) monetary policy decision, with GBP/JPY climbing above the 197.00 psychological mark, reaching a fresh weekly high.
Fxstreet
Thu, Aug 7
Deals of the day-Mergers and acquisitions
August 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Ripple will buy stablecoin payments platform Rail for $200 million, the company said, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrenc...Reuters
Thu, Aug 7
FOREX-Sterling rises on hawkish BoE rate split
Sterling up as four BoE policymakers vote to keep rates unchangedEuro briefly boosted by hopes for peace in UkraineDollar faces weakness on more dovish Fed outlookBy Karen Brettell Aug 7 (Reuters) - Sterling rose on Thursday after more policymakers than expected at the Bank of England voted to ke...Reuters
Thu, Aug 7
