Vanguard Sees Pound Rising to .40 as UK Avoids Big Trade Hit

Vanguard Sees Pound Rising to $1.40 as UK Avoids Big Trade Hit

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Vanguard is targeting a rally in the pound to its strongest level since 2021 as the UK economy looks relatively insulated from a global trade war.

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Tariff Angst Trigger Stock Selloff | Balance of Power: Late Edition

Tariff Angst Trigger Stock Selloff | Balance of Power: Late Edition

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On the show today, Sen. Mark Warner (D) Virginia, Rep. Mike Lawler (R) New York, White House Council of Economic Advisors former member Heather Boushey, BGR Group International Practice Co-Head and Republican Strategist Lester Munson, Iona University Political Science Professor and CSPC Senior Democracy Fellow Jeanne Sheehan Zaino. (Source: Bloomberg)

Trump’s Tariffs Ignite Concerns About US Recession

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Almost a century ago, the US enacted a tariff law that triggered a global trade war and exacerbated the Great Depression. Now, President Donald Trump is wagering that the world has evolved enough to avoid a repeat. However, his plans have ignited concerns of a US recession, global slowdown, and the potential collapse of the post-war order. Bloomberg’s Shawn Donnan reports on the latest The Big Take: https://www.bloomberg.com/news/features/2025-03-31/trump-s-reciprocal-tariffs-risk-us-recession-trade-turmoil. (Source: Bloomberg)