BoE's Bailey warns G20 that global risks have "crystallised"

Bank of England (BoE) Governor Andrew Bailey warned finance ministers of the G20 group of countries that despite overall sturdy global market conditions, downside economic and political risks have likewise hardened recently.

Key highlights

Since April, market conditions have improved and asset prices have recovered.

We have seen further economic and geopolitical risks crystallise and global debt vulnerabilities remain high.

Uncertainty continues to weigh on growth expectations.

We need to remain vigilant to the risk of disruptive market moves.

Jul 14, 2025

Gold slips despite trade war escalation as Trump is open to talks

Gold price slides some 0.19% on Monday as the trade war escalates despite ongoing meetings with several fronts between the White House and trade partners, which now include the European Union (EU) and Mexico. At the time of writing, the XAU/USD trades at $3,347.

Forex Today: Attention shifts to US inflation data

The FX galaxy remained cautious ahead of the release of the key US inflation readings on Tuesday, although the Greenback managed to outperform its main competitors on the back of persistent trade concerns and the widespread offered bias in the risk-linked space.