Are the Conservatives on course to lose the next general election? May 5, 2023 Local election results are seen as a crucial test for governments – and oppositions. They provide parties with a sense of momentum; a narrative about the country’s direction; and vital data for political number crunchers to pore over. One particularly key metric we can extrapolate from them is the estimated national vote share. Not all [...]
Markets: Three things we learned this week May 5, 2023 This week the markets had a lot to digest, bumper energy profits, the tail end of the banking sector’s latest round of results, and a rate rise from the Federal Reserve. There was also some positive house price data, which gave the FTSE 100 a spring in its step. With Coronation weekend looming we take [...]
US unemployment figures ‘confound expectations’ with 50 year jobless low, raising spectre of more Fed rate rises May 5, 2023 US employers went on a hiring spree in April while raising wages for workers at the same time, according to the Labour Department. The news that nonfarm payrolls increased by 253,000 jobs last month immediately sparked speculation that the US central bank the Federal Reserve could maintain its current policy of keeping rates higher. The [...]
Is anyone going to challenge the CBDC juggernaut? May 5, 2023 Susie Violet Ward labels CBDCs a ticking timebomb with too many devils in the details that are so complex few can challenge them.
Police urged to investigate Boris Johnson video May 5, 2023 Police are being urged to investigate after a video emerged of Boris Johnson allegedly not wearing a seatbelt in what appears to be a moving vehicle. In a video shared on social media, the former prime minister is heard urging Derbyshire Conservatives to “turn out and vote” ahead of Thursday’s local elections. Johnson does not [...]
FRC begins hunt for new boss as audit body advertises role with £330k salary (and to be able to work from both London and Birmingham) May 5, 2023 The boss of Britain’s audit regulator, the Financial Reporting Council (FRC) will need “credibility, integrity and capability” to enact “organisation change”; they can also expect to be paid £330k plus benefits for doing so. An advert for the next chief executive of the FRC, which will soon become ARGA confirms previous City A.M . reports [...]
Jones Day kicks off challenge to find solutions to DeFi limitations May 5, 2023 Jones Day is accepting submissions for the 2023 FinAccelerate DeFi Challenge - a competition that seeks solutions to DeFi limitations.
Sunak to meet Oz and NZ leaders as trade deal – which promises cheaper manuka honey and Jacob’s Creek – takes effect May 5, 2023 Rishi Sunak is set to welcome the leaders of Australia and New Zealand to No10 ahead of the UK’s landmark post-Brexit trade deals coming into force. The prime minister will meet Australian PM Anthony Albanese and Chris Hipkins, prime minister of New Zealand, in Downing Street today. It comes as the UK’s trade deals with [...]
Pound Sterling rises to highest level in almost a year as US dollar set for second straight week of decline May 5, 2023 Sterling rose to its highest level in almost a year, as the dollar was broadly softer against other major currencies on Friday. The pound continues to recover, while the banking sector woes added to talk of U.S. rate cuts later this year, ahead of the much-anticipated monthly U.S. jobs report just after midday (GMT). The dollar [...]
Is Bitcoin on track to take pole position as the wheels come off US banks? May 5, 2023 Jason Deane, resplendent in racing overalls, completes a circuit of the week's twists, turns and chicanery in the world of digital finance.
