The US dollar returned to the upside as geopolitical fears rebounded after US President Trump's address to the nation. The rhetoric fuelled risk aversion and flows toward the dollar while oil prices surged.
U.S. financial markets experienced a volatile week, largely influenced by geopolitical developments in the Middle East and fluctuations in energy prices. Investor sentiment was driven primarily by external events rather than domestic fundamentals.
Prof Stephen Cushion stated that news reporting failing to differentiate between the UK's devolved governments neglects audiences' constitutional needs. He emphasized that issues like housing and healthcare are governed differently in Wales, which is often invisible in UK-wide news.
Occasionally, history generates smooth changes from one era to another. More commonly, such shifts occur only gradually and untidily. And sometimes, as the former Downing Street foreign policy adviser John Bew puts it in the New Statesman, history unfolds in a series of flashes and bangs. In Caracas last weekend, Donald Trump's forces did this in spectacular style. In the process, the US brushed aside more of what remains of the so-called rules-based order with which it tried to shape the west after 1945.
Brussels would be willing to discuss closer trade ties with the UK, including the possibility of cooperation on a customs union, a senior European commissioner has said, signalling the clearest openness yet from the EU to re-engage with Britain.Speaking to the BBC after high-level talks in London, Valdis Dombrovskis, the European Commissioner for Economy, said the EU was "ready to engage with an open mind" if the UK wanted to explore deeper economic alignment.
A spokesperson for Downing Street said: The UK government is working with the US to understand how the overturning of Donald Trump's tariffs by the supreme court will affect the UK but expects our privileged trading position with the US to continue. The UK was the first to strike a tariff deal with the US, with 10% tariffs on all imports from Britain, compared with a blanket 15% rate for the EU.
"If the threats of Donald Trump prove anything, it is that the mantra of shared values with his administration is as much use as a chocolate teapot. Countries across the world are scrambling to adjust. Canada has announced a trade realignment towards China and talk grows of counter-sanctions in Europe. If the UK wants to avoid being caught in the crossfire, there really is only one alternative: to finally take the brakes off rebuilding our common future in Europe.
Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
Good things may come to those who wait, but when it comes to repairing the Brexit settlement Britain was left with by Boris Johnson, the waiting has come at a heavy cost. Prices are higher, trade is weaker and our influence diminished. That is why Keir Starmer's promise to bring forward legislation this year to improve the UK's deal with the EU is the clearest signal yet that the era of warm words without delivery may finally be coming to an end.
