UK House speaker John Bercow has announced that he will stand down from his role immediately if the UK parliament votes for an election. Failing that, he will step down on October 31st. This has caused a bit of a pullback in the pound as Bercow was seen as on the side of “remain” in the Brexit debate. The pound had enjoyed a solid day of gains with better than expected GDP and manufacturing data boosting the currency, as well as some conciliatory remarks from PM Johnson ahead of a meeting with the Irish PM Varadkar which also provided a boost. GBPUSD is higher by 0.4% at the time of writing but the market has dipped by around 60 pips from the daily high of 1.2388 on the Bercow news.
BREAKING: Canadian core retail sales well below expectations🚩USDCAD reacts
Markets react to UK CPI, as Barclays sets the bar for UK banks
Morning wrap (22.10.2025)
BREAKING: USDCAD dips after Canadian CPI release 📌
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
