Economic Report

Key Takeaways Pound slips: GBP/USD fell 0.01% to 1.3520, while EUR/USD eased 0.02% to 1.1712. Strong UK GDP: Q1 GDP grew 0.6% quarter-on-quarter, in line with expectations and up from Q4’s 0.2%. Annual surprise: GDP expanded 1.1% year-on-year, beating the 0.8% consensus. March defies forecasts: Monthly GDP rose 0.3% versus …

Key Takeaways Mixed gold action: Spot gold edged 0.3% higher to $4,700.25 per ounce, while U.S. gold futures eased 0.2% to $4,697.97. Sidelined investors: Traders largely stayed on the sidelines during the opening day of the two-day Trump-Xi summit. Xi’s positive tone: The Chinese president said both nations had made …

Key Takeaways Modest pullback: Brent crude fell 0.4% to $105.18 per barrel, while WTI slipped 0.7% to $100.33. Weekly gains intact: Both contracts are still set for sharp weekly gains despite Thursday’s dip. Conciliatory summit: Trump-Xi meeting wrapped after 2 hours 15 minutes, with leaders striking a friendly tone despite …

Key Takeaways Q1 GDP beats expectations: UK economy grew 0.6% quarter-on-quarter, accelerating from Q4 2025’s 0.2% rise. Annual growth strong: GDP rose 1.1% year-on-year in Q1 — well above the 0.8% expected. March defies forecasts: Monthly GDP rose 0.3% in March, beating expectations for a 0.1% drop despite the Iran …

Global currency markets witnessed a clear divergence in recent sessions as the US dollar extended its gains, supported by firm inflation data and expectations of a tighter monetary outlook. This strength has placed significant pressure on both the Japanese yen and the euro, while rising energy prices and mixed economic …

The cryptocurrency market faced a sharp reality check this week as Bitcoin tumbled from its recent peak of $82,145, breaking through the $79,000 support level to hit an intraday low of $78,704. With a daily performance decline of approximately 1.60%, the price has since stabilized around the $79,500 mark. This …

Federal Reserve Bank of Minneapolis President Neel Kashkari has reiterated that inflation remains “too high,” stressing that bringing price pressures back to the 2% target is still the central priority for policymakers.He emphasized that the Federal Reserve should not shift its inflation goal and warned that inflationary shocks continue to …

The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve in a closely watched vote, marking the start of a new leadership era for the world’s most influential central bank.The confirmation comes at a sensitive moment for the U.S. economy, as inflation remains persistent, global …

In a long-awaited return to Beijing after years of strained relations, US President Donald Trump arrived in the capital of China on Wednesday for his first visit to China since 2017, marking a major diplomatic moment set against a backdrop of deep economic rivalry and political mistrust between the world’s …

The British Pound remained under pressure against the US Dollar as investors reacted to a powerful mix of rising US inflation, strong Treasury yields, and growing political uncertainty in the United Kingdom. The currency has struggled to regain momentum in recent sessions, with the Dollar continuing to attract safe-haven demand …