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According to updated data from the UK's Office for National Statistics (ONS), the country's rate of industrial producer price inflation was higher than previously estimated.

US President Donald Trump threatened to impose 35% tariffs on some Canadian imports. He also raised the possibility of higher duties on goods from most of the country’s trading partners. The US leader said tariffs against Canada will take effect August 1.

According to NYDIG, Bitcoin surged 30.7% and Ethereum gained 36% between April and June. Meanwhile, the US stock market saw more modest growth at just 11.14%. This shows that crypto assets are increasingly being viewed as a more promising and profitable alternative to traditional assets.

The 50% tariff on copper imposed by the United States, which takes effect on August 1, may negatively affect American buyers of the metal. Imposing duties on foreign copper purchases could increase production costs and undermine the international competitiveness of domestic manufacturers.

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

According to the Bank of Japan (BOJ), the recent increase in US tariffs has so far had no significant effect on the country’s exports or industrial output.

Cardano (ADA) is trading at $0.63 after breaking out of a falling wedge pattern yesterday. This bullish breakout coincided with Bitcoin hitting new all-time highs, boosting optimism across the crypto market, according to FXStreet.

The US has announced a 50% tariff on copper imports, pushing Chile and Mexico, its top suppliers of the metal, to seek new buyers.

Red Cloud Securities strategist Ken Hoffman outlined multiple factors supporting higher copper prices this year in an interview with Bloomberg. The main one is growing demand for the metal, which plays a crucial role in the energy transition and the development of modern technologies.

According to Reuters, Japan’s annual wholesale inflation slowed again in June, marking the third straight month of decline. The figures support the central bank’s view that price pressures will continue to dissipate gradually.