Bank of Canada June Rate Cut Depends on 'Cool' CPI Report -- Market Talk

0955 ET - BMO Capital Markets says it is sticking to its call for a June rate cut from the Bank of Canada amid a strong employment growth in April.

WSJMay 10 09:55 ET

CIBC Comments on Canada's Labor Report for April

After stalling in the prior month, Canada's Labour Force Survey (LFS) growth returned and easily beat consensus expectations in April, said CIBC. Friday's 90,000 increase was well above the 20,000 exp

MT NewswiresMay 10 08:48 ET

Pound Sterling Rises Broadly After UK GDP Surprises Stronger in March

Pound sterling edged higher against a generally stronger US dollar during early European trade on Friday, rising against many other currencies after UK GDP surprised on the strong side of expectations for March and the opening quarter.

MT NewswiresMay 10 05:15 ET

U.K. Exits Brief Recession With Stronger-than-forecast 0.6% Growth in First Quarter

By Barbara Kollmeyer The U.K. economy grew 0.6% in the first quarter of 2024, exiting a technical recession, according to an initial estimate released by the Office for National Statistics on Friday.

MarketWatchMay 10 03:23 ET

U.K. Returns to Growth as War Shock Fades -- Update

The economy has turned a corner, U.K. premier Rishi Sunak said. "We know things are still tough for many people, but the plan is working, and we must stick to it," Sunak said.

WSJMay 10 02:49 ET

UK Preliminary GDP Expands 0.6% QoQ in Q1 Vs. 0.4% expected

The UK economy expanded 0.6% QoQ in the first quarter (Q1) of 2024 from a 0.3% contraction in the previous reading, the preliminary estimate released by National Statistics (ONS) showed Friday.

FXStreetMay 10 02:11 ET