Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolution
Chancellor Rachel Reeves is to announce a new City “skills compact” that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution.
The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves’s final Mansion House speech to City bosses before Andy Burnham’s expected takeover of No 10. The government-backed initiative will commit employers to improving workers’ skills and helping them “keep pace” with significant technological changes that have prompted fears of mass redundancies.
Continue reading...
The post Pound Sterling Price News and Forecast: GBP gains ground to near 1.3430 early European session appeared on BitcoinEthereumNews.com.
The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD). Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader. Bloomberg reported on Thursday that 322 of 403 Labour members of Parliament voted for Burnham at the end of the first day of the party’s leadership contest to replace Keir Starmer. Burnham is expected to formally become Prime Minister on July 20. Read more… British Pound gains traction above 1.3400 as markets bet on BoE rate hikes The GBP/USD pair gathers strength to around 1.3430 during the Asian tradin
The post GBP/USD Price Forecast: Edges higher above 1.3400, bullish outlook remains intact appeared on BitcoinEthereumNews.com.
The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD). Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader. Bloomberg reported on Thursday that 322 of 403 Labour members of Parliament voted for Burnham at the end of the first day of the party’s leadership contest to replace Keir Starmer. Burnham is expected to formally become Prime Minister on July 20. Traders have ramped up bets on the BoE interest rate hikes amid escalating tensions between the US and Iran. Markets are now fully pricing in a 25 basis points (bps) BoE rat
The post British Pound gains traction above 1.3400 as markets bet on BoE rate hikes appeared on BitcoinEthereumNews.com.
The GBP/USD pair gathers strength to around 1.3430 during the Asian trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) on the UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes. Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader. Bloomberg reported on Thursday that 322 of 403 Labour members of Parliament voted for Burnham at the end of the first day of the party’s leadership contest to replace Keir Starmer. Burnham is expected to formally become Prime Minister on July 20. Traders increased bets on BoE interest rate hikes amid escalating tensions between the US and Iran. Markets are now fully pricing in a 25 basis points (bps) BoE rate hike by year-end, most li
The post FedEx (FDX) Stock Surges 3% Following Double Upgrade and Pilot Contract Approval appeared on BitcoinEthereumNews.com.
Key Takeaways FedEx shares advanced 3.3% to reach $319.90 during Wednesday’s mid-day session Barclays assigned a Buy rating while Stephens reinstated coverage with an Overweight recommendation and $380 target Approximately 5,000 FedEx pilots approved a new collective bargaining contract, eliminating a significant operational concern Stephens elevated FedEx Freight to Strong-Buy following the completion of its June 1 separation The logistics giant projects 20% adjusted earnings per share expansion through year-end Shares of FedEx (FDX) climbed 3.3% to $319.90 during Wednesday’s trading session, propelled by encouraging analyst commentary and the resolution of a labor situation. FedEx Corporation, FDX Before market open, Barclays initiated a Buy recommendation on FDX. Shortly after, Stephens reestablished coverage with an Overweight stance and set a price objecti
The post British Pound extends rally to 218.00 vs JPY as rate gap, politics aid appeared on BitcoinEthereumNews.com.
The GBP/JPY cross builds on the previous day’s strong positive momentum and gains traction for the second successive day on Thursday. This also marks the fourth day of a move higher in the previous five and lifts spot prices to the 218.00 neighborhood, or the highest since January 2008 during the early part of the European session. With frontrunner Andy Burnham expected to become the next Prime Minister by July 20, fading UK political uncertainty has been bolstering the British Pound’s (GBP) relative outperformance. Furthermore, a broadly weaker US Dollar (USD) benefits the GBP, which, in turn, is seen as a key factor acting as a tailwind for the GBP/JPY cross. The momentum seems rather unaffected by speculations that Japanese authorities will step in to prop up the domestic currency. In fact, Japan’s Finance Minister Satsuki Katayama said last week that officials are re
Barclays' fintech classification of Strategy may drive institutional interest, signaling Bitcoin's growing integration into mainstream finance.
The post Barclays slaps a buy rating on Strategy, calls it a fintech company alongside Visa and Mastercard appeared first on Crypto Briefing.
The post United Kingdom: Early election scenarios – Standard Chartered appeared on BitcoinEthereumNews.com.
Standard Chartered analysis by Christopher Graham and Saabir Salad discusses Andy Burnham’s stance against an early UK general election if he becomes prime minister. They note Labour’s weaker polling versus its 2024 result and outlines three conditional scenarios that could still trigger an early vote, focusing on polling improvements, policy divergence from the 2024 manifesto, and mounting political legitimacy pressures. Burnham stance and election risk paths “Andy Burnham has ruled out holding an early general election should he become prime minister, meaning the next election is not held until near the latest possible date in August 2029.” “Labour is polling 13ppts below its 2024 election victory share of the vote and could lose more than 200 seats in parliament if an election were held today (according to Electoral Calculus), potentially delivering a Reform UK-Conservative co
The post British Pound: Sterling supported as yields retrace – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farage’s decision to resign and recontest his Clacton seat, calling the by‑election a sham with potential further votes if he is sanctioned. He stresses that GBP volatility is more tied to incoming PM Andy Burnham’s economic stance, with lower 10‑year Gilt yields, contained fiscal worries and weaker UK inflation supporting the Pound as a top G10 performer. Politics, yields and Pound performance “Finally, there has also been limited changes to implied vol level in GBP/USD on the back of the announcement from Nigel Farage that he will stand down as MP for Clacton but then contest the same seat in the by-election. This was to protest the investigations by the parliamentary standards committee into his finances on concerns he breached parliamentary rules.” “This will result in the investigat
