Mexico's Peso Hits a Five-Year High

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The FT's political editor George Parker says the relationship between Emmanuel Macron and Rishi Sunag is much better than it was under Boris Johnson. Also meeting today to ease tensions is US President Joe Biden and European Commission President Ursula von der Leyen. Mexico's currency hit a five-year high this week, despite its not-so-great economy. To talk about this, I'm joined by the FT's markets editor, Katie Martin.

A US bank index suffered the worst one-day fall in market value since June 2020, the first France-UK summit in five years will focus on resetting relations, Mexico’s currency hit a five-year high this week despite its struggling economy, and former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison for fraud.

Mentioned in this podcast:

Investors dump US bank shares amid fears over value of bond portfolios

Mexico’s peso hits five-year high on interest rates and US benefits

France and UK aim to draw a line under post-Brexit tensions

Former Goldman Sachs banker Roger Ng sentenced to 10 years for 1MDB fraud

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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