FTSE 100 Live: Miners lead stock rally; Pound holds onto gains Markets Good morning and welcome back to the City AM liveblog. Is President Donald Trump trying to devalue the dollar? That’s the question many in the City and across global markets were asking yesterday after Trump referred to the dollar dropping 1.3 per cent against a basket of currencies as “great”. The President’s triggered another 0.2 [...]
Trump declares ‘America is back!’ as US markets touch record highs Markets Renewed AI-hype helped the S&P 500 break through the 7,000 mark for the first time ever on Wednesday, while the dollar clawed back some ground after a bruising few weeks. Equities soon pared their gains, falling below the 7,000 benchmark a few hours after the opening bell, and the S&P 500 had swung back into [...]
Dollar slides as ‘loss of confidence’ in US policy spikes debasement fears Economics The US dollar had its worst day since President Donald Trump’s ‘Liberation Day’ tariff onslaught on Tuesday as investors dumped their exposure to the greenback. The DXY index – which tracks the dollar against a basket of other currencies – has slumped over two per cent since the beginning of the year. Amidst the dollar [...]
Former Federal Reserve chiefs round on Trump’s ‘vindictive’ Powell salvo January 12, 2026 Donald Trump’s unprecedented decision to open a criminal indictment against Federal Reserve chair Jay Powell has been rounded on by all of his living predecessor, who accused the President of running the United States like a developing economy. In a highly unusual joint intervention, Janet Yellen, Ben Bernanke and Alan Greenspan rebuked the President’s most [...]
Strix Group boss exits and dividend axed after share price plunges November 26, 2025 The boss of Strix Group, a key player in safety controls for appliances, has departed following a plummet in the firm’s share price as macroeconomic pressures weighed. Mark Bartlett will step down from his role at Strix after nearly two decades at the company, one of which was spent in the top job. Shares were [...]
FOMO worries drive investors to get their hands on gold October 30, 2025 Global demand for gold hit record breaking highs in the recent financial quarter, as investors continue to pay significant amounts in order to get their hands on the asset amid fears of missing out on the rally. The precious metal has soared over the course of the year, storming to $4,381 (£3,308.64) this month, with [...]
Trump launches fresh tariffs as government shutdown looms September 30, 2025 In a frenetic 24 hours for the President, Donald Trump has launched fresh tariffs on the US’s trading partners as his government looks to be marching towards shutdown. The White House has said it will charge a 10 per cent tariff on foreign softwood lumber and timber, used in a wide variety of building materials, [...]
‘Inflation fears’ and trade turmoil to reinforce sterling rally August 28, 2025 A fresh bout of inflation and Donald Trump’s capricious approach to trade policy should extend the pound’s rally well into next year, according to a top investment bank which has raised its 12-month forecast for sterling against the dollar. Panmure Liberum’s Simon French said the recent string of hotter-than-expected inflation readings in the UK was [...]
Pound edges up against dollar after Trump’s latest Fed attack August 26, 2025 The pound gained from a turbulent US dollar trading session on Tuesday after the greenback was stung by President Donald Trump’s attacks on the Federal Reserve. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – tumbled as much as 0.4 per cent as Trump said he had “sufficient [...]
Rumours of the dollar’s demise have been greatly exaggerated June 19, 2025 We are in the thick of global summitry, rolling from the G7 in Canada towards the NATO meeting in The Hague next week. President Trump is conducting foreign policy via social media, the prime ministers of the UK and Canada are having a pint in the pub and the French President is making stopovers in [...]