New Zealand Business NZ PMI declined to 50.5 in April from previous 53.2

May 15, 2026

Fed Williams: Job market stabilizes as inflation uncertainty looms

John Williams, President of the Federal Reserve (Fed) of New York, spoke on Thursday and said that the job market has stabilized, acknowledging that he is not surprised to see near-term inflation expectations rise.

Pound Sterling breaks down as Labour turmoil overshadows stronger UK GDP data

GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows.