Other news

Copper prices on COMEX surged to a record $5.2 per pound on Tuesday, eclipsing the previous all-time high of $5.1 set May 20. The price rally followed Glencore's temporary suspension of copper shipments from its Altonorte smelter due to equipment failure, Bloomberg noted.

According to Bloomberg, the accuracy of official UK statistics from the Office for National Statistics (ONS) is facing renewed scrutiny. Experts interviewed by the news agency point to potential large-scale discrepancies, citing already identified shortcomings.

The US Securities and Exchange Commission (SEC) has announced its decision to hold four round tables addressing the regulation issues related to cryptocurrencies.

The consumer price index in Australia unexpectedly dropped from 2.8% to 2.4% in February, adding to arguments that the Reserve Bank (RBA) will proceed with interest rate cuts in the coming months, Bloomberg reports.

A decrease of the indicator value may contribute to the fall in quotes of GBP.

Ripple Labs has reached a settlement with the US Securities and Exchange Commission (SEC) to resolve a civil lawsuit alleging the sale of unregistered securities. According to Reuters, the company will pay just $50 million of a previously imposed $125 million penalty.

According to information from insiders reported by Bloomberg, US tariffs on copper imports may be announced several months ahead of the scheduled deadline for the decision. The sources said it could happen within a few weeks.

The head of the Bank of Japan (BOJ), Kazuo Ueda, spoke about the need to raise interest rates if soaring food prices lead to an increase in overall inflation. As he pointed out, the recent price growth was driven by temporary factors.

Japanese Prime Minister Shigeru Ishiba does not plan to increase budget expenditures, preferring to focus on the policies already laid out in the current and next plans. This was reported by the government in response to media articles on the need to implement measures to lower prices.

A KPMG survey conducted among 3,000 British consumers has shown an increase in pessimism regarding the economic situation in the UK. The number of citizens who believe that the economy is moving in the wrong direction has increased by 15 percentage points compared to November last year.