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GBP/USD rose 14 pips intraday to 1.3640.
2026-08-25
GBP/USD rose 14 pips intraday to 1.3640.
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2026-08-25
Sources say US commerce secretary Lutnick's last‑minute pressure collapsed US‑Canada trade talks, prompting President Trump to announce new tariffs on Canadian goods and Canadian prime minister Carney to vow retaliation. Insiders say Lutnick viewed t
Sources say US commerce secretary Lutnick's last‑minute pressure collapsed US‑Canada trade talks, prompting President Trump to announce new tariffs on Canadian goods and Canadian prime minister Carney to vow retaliation. Insiders say Lutnick viewed the draft framework as too lenient toward Canada and acted on on behalf of US metals producers seeking to claw back concessions; some Canadian officials accused him of shifting negotiating aims, while some business leaders credited him with blocking what they saw as a threat to US metals. A White House official denied Lutnick caused the breakdown, saying talks stalled after Canada made last‑minute, out‑of‑scope demands. Lutnick's intervention deepened his role in the talks and reinforced his reputation inside the administration as a disruptor pressing for tougher trade leverage.
2026-08-24
Indian sugar officials say sugar stocks are ample and supply can meet holiday demand.
Indian sugar officials say sugar stocks are ample and supply can meet holiday demand.
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