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29 Jan 2025

UK's Reeves: We begun to turn things around

UK Chancellor of the Exchequer Rachel Reeves said on Wednesday, “we begun to turn things around.”

Key takeaways

UK regulation has been stifling and unpredictable.

The solution is government systematically removing barriers.

Looking forward to work with the new US Treasury Secretary and deepen relationships.

We need to remove constraints on the UK economy's supply side.

Jan 29, 2025

NZD/USD is range-bound around 0.5670 – BBH

RBNZ Chief Economist Conway stuck to bank’s dovish guidance, BBH FX strategists report.
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Jan 29, 2025

USD/JPY is directionless above 155.00 – BBH

The minutes of the Bank of Japan (BOJ) December meeting are outdated following last week’s 25bps policy rate hike to 0.50%, BBH FX strategists report.
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