Other news

A Reuters poll showed the UK economy is expected to grow at a faster pace this year than previously estimated. The upgrade in forecasts is driven by surprisingly strong performance in the first quarter. At the same time, experts do not deny that the improvement may be only temporary.

According to Reuters, May 21 saw another day of dollar sell-offs, though not particularly intense. US Treasury bond yields remain elevated, causing concern among investors. Markets are watching for changes in US trade deals and assessing the country's economic health.

According to Reuters, unusually high volume of copper supplies to the US will not decrease in the near future. The agency's experts cite the threat of import tariffs and price premiums for the metal on the US exchange COMEX, which make shipping profitable.

UK wage growth, which had held steady at 3% for five consecutive quarters, is showing signs of deceleration. Brightmine’s research reveals nearly half of the surveyed employers are now offering pay raises below this median level.

Recent weeks have seen a slowdown in Japan's export growth, attributed to heightened tariffs imposed by the United States. This scenario brings to light worries regarding the country’s ability to reach further economic advancement.

As analysts of Scotiabank warned, persistent price pressures in Canada will not allow the country's regulator to keep reducing borrowing costs in the near future. At the same time, experts noted that the accelerated price growth was observed before the manifestation of the US tariffs effect.

An increase of the indicator value may contribute to the rise in quotes of GBP.

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

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

Hugh Pill, the Bank of England's chief economist, is concerned that UK interest rates are being cut too quickly. He calls for a more cautious approach than quarterly cuts.