Live Updates

8 May 2025
April’s headline inflation in Mexico exceeded expectations, recorded at 0.33% instead of 0.3%

Mexico’s inflation slightly surpassed forecasts; US dollar strength impacted currencies, gold declined, while XRP gained momentum.

8 May 2025
The EU plans countermeasures against US tariffs, proposing €95 billion in tariffs and restrictions

EU seeks balanced trade solution with US, considers export restrictions, and plans WTO dispute over tariffs.

8 May 2025
Following the Bank of England’s announcement, the GBP/JPY pair climbs towards 193.00 during afternoon trading

GBP/JPY rises near 193.00 as BoE cuts rates; Pound strengthens despite divided policy outlook.

8 May 2025
The Canadian Dollar is weakening against the US Dollar, lagging behind other G10 currencies

Canadian Dollar dips 0.3% amid strong USD, widened yield spread, trades near 1.39 fair value range.

8 May 2025
Trump disparaged Jerome Powell as clueless, expressing disdain for the Fed’s recent decision while praising economic conditions

Trump called Fed Chair Powell a “fool”, claiming inflation is low despite Powell’s continued leadership until 2026.

8 May 2025
After a brief rise, the Pound remains under pressure at a crucial support zone against the Dollar

GBP/USD erased earlier gains amid policy divergence and US Dollar strength, trading below key 1.3300 support.

8 May 2025
Concessions on food and agriculture by the UK aim to reduce US auto tariffs, details unclear

UK offers agriculture import concessions to US in exchange for lower auto tariffs, despite regulatory challenges.

8 May 2025
The Manufacturing Production Index in South Africa improved from -3.2% to -0.8% year-on-year

Markets react to global economic shifts: UK rate cut, stronger US data, gold rebound, XRP gains traction.

8 May 2025
A trade deal agreement between the UK and US has been confirmed, aiding political negotiations ahead

UK and US reach preliminary trade deal agreement, paving way for future full agreement and closer ties.

8 May 2025
Gold prices drop to $3,340 as a US-UK trade agreement is anticipated during a conference

Gold drops 1% amid UK-US trade deal hopes, steady Fed rates, and stronger US Dollar outlook.

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