Bloomberg The pound looks set to extend its decline next week, when traders and economists predict the Bank of England will cut interest rates for the first time in more than seven years. Sterling, which posted its third consecutive monthly drop against the dollar in July, has weakened versus all of its 31 major peers in the past three …

  Bloomberg The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse. That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing U.S. domestic demand is set …

  Bloomberg Brazil’s real advanced on speculation that Finance Minister Henrique Meirelles will have more power over budget planning as the government seeks to control spending and restore confidence in Latin America’s largest economy. The real trimmed its monthly decline after a government aide who asked not to be named said that the office responsible for budget planning will be …

  Bloomberg Mexico’s economy contracted in the second quarter for the first time in three years as growth in the services industry slowed and exports fell. Gross domestic product declined 0.3 percent from the first three months, according to preliminary figures released by the national statistics institute Friday. The median forecast of 13 economists surveyed by Bloomberg was for a …

  Bloomberg Hillary Clinton called her race against Donald Trump the highest-stakes U.S. presidential race in her lifetime as she rallied with her running mate, Senator Tim Kaine, for the first time as the Democratic nominees for president and vice president. “There’s no doubt in my mind that every election in our democracy is important in its own way,” Clinton …

  Detroit / AFP German automaker Daimler AG broke ground this week on a $500 million plant in Charleston, South Carolina to build vans, with the company hoping at last to avoid steep US import tariffs. When the factory comes online by the end of the decade, it may also help the company pay lower wages and circumvent labor unions. …

  Bloomberg Take Two at the Bank of England means action. That’s the conclusion of almost all economists surveyed by Bloomberg, who predict the central bank’s second decision since Britain’s vote to leave the European Union will involve an interest-rate cut. Such a move would see Governor Mark Carney delivering on his summer stimulus signal after officials shocked investors by …

  Bloomberg Colombia’s central bank ignored a last minute plea by President Juan Manuel Santos and raised the benchmark interest rate for an 11th consecutive month as surging food prices pushed inflation to the fastest since 2000. In a split decision, the seven-member board voted to raise the key rate a quarter-point to 7.75 percent, central bank Governor Jose Dario …

  Bloomberg Deutsche Bank AG scored higher in the European Banking Authority’s stress test this year than in 2014 in a sign that steps to bolster financial resilience are taking hold despite a tougher examination that took account of surging litigation costs. The company’s common equity Tier 1 ratio fell to 7.8 percent in the adverse scenario, measuring resilience to …

  Bloomberg UBS Group AG’s Asia investment banking co-head, Saurabh Beniwal, is planning to leave as the bank trims senior management ranks in the region, people familiar with the matter said. Beniwal, who was appointed in November as co-head of corporate client solutions in Asia, will depart UBS by the end of this year, according to the people. Joseph Chee …