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Finance

Finance

Sterling hits highest in over a week vs dollar, monetary policy in focus

Bermuda Broadcasting Newsdesk -
The British currency barely moved after data showed that the economy grew by 0.1% in August after dipping by 0.1% in July International News via...
Finance

IMF says UK should not scrap twice-yearly economic forecasts

Bermuda Broadcasting Newsdesk -
The British government's Office for Budget Responsibility currently produces twice-yearly economic and budget forecasts International News via Reuters: Britain should not reduce the frequency of its...
Finance

BoE speeds up time for UK bankers to receive bonuses

Bermuda Broadcasting Newsdesk -
The financial regulator has shortened the time that senior bankers must wait for their full amount of bonus to four years from eight International News...
Finance

Sterling strengthens against weaker dollar, Reeves’ budget plans in focus

Bermuda Broadcasting Newsdesk -
The pound was up 0.2% against the dollar at $1.3349 and 0.1% firmer versus the euro at 87.15 pence International News via Reuters: The pound firmed...
Finance

US dollar weakens against Swiss franc, yen as trade tensions resurfaces

Bermuda Broadcasting Newsdesk -
The dollar weakened 0.14% to 0.803 against the Swiss franc and was down 0.13% to 152.08 against the Japanese yen International News via Reuters: The U.S....
Finance

Erosion of trust in central banks can boost inflation expectations, IMF warns

Bermuda Broadcasting Newsdesk -
The IMF's chief economist said the global lender was observing increasing pressures on central banks to lower interest rates, but did not name any...
Finance

Sterling drops after UK data shows softer wage growth

Bermuda Broadcasting Newsdesk -
The pound was last down 0.5% against the dollar at $1.3279 , having traded in modestly positive territory before the data was released International News...
Finance

France’s budget built on shaky ground, fiscal watchdog warns

Bermuda Broadcasting Newsdesk -
Prime Minister Sebastien Lecornu, reappointed on Friday having quit at the start of last week, presented a 2026 budget bill to parliament on Tuesday International...
Finance

UK regulator backs ‘tokenised’ funds to attract younger investors

Bermuda Broadcasting Newsdesk -
Under the proposals being considered, UK asset managers would be able to create crypto tokens representing shares in their funds, using public blockchains like...
Finance

Dollar cuts losses, after Trump tones down tough talk on trade

Bermuda Broadcasting Newsdesk -
The dollar index, which measures the U.S. currency's performance against a basket of six others, was last up 0.2% at 99.2 International News via Reuters: The...
Finance

Sterling gets a lift as nerves over US-China tariffs recede

Bermuda Broadcasting Newsdesk -
Sterling, which tends to benefit from risk appetite, much like the Australian dollar, stocks or crypto, was up 0.24% at $1.3365 International News via Reuters: The...
Finance

Major banks explore issuing stablecoin pegged to G7 currencies

Bermuda Broadcasting Newsdesk -
The project, which is in its early stages, will explore creating assets on public blockchains which are pegged 1:1 to real-world currencies - known...
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