Greater Manchester Mayor Andy Burnham could now challenge UK Prime Minister Keir Starmer for the leadership of the governing Labour Party and the country after winning a parliamentary seat in northern England on Friday, CNN reported on Friday.
European Central Bank (ECB) policymaker José Luis Escrivá said on Thursday that higher energy costs are spreading to services and transport, while warning that the inflation outlook remains highly uncertain for the European Union (EU) at a speech in Barcelona.
NZD/USD trades around 0.5765 at the time of writing on Thursday, down a modest 0.07% on the day. The pair struggles to extend its rebound despite solid economic data from New Zealand, while the US Dollar (USD) continues to draw support from the Federal Reserve’s (Fed) more hawkish stance.