Monday 15 June 2026

Written By Mighty Memo

The Mighty Headlines

 

Economics: US and UK set to keep interest rates steady this week

 

Business and markets: Anthropic told to halt AI access on security grounds

 

Foreign Affairs: G7 Summit begins in France today

 

Security and intelligence: N. Korea doubles down on nuclear weapons

 

Domestic politics: UK Government announces children’s social media ban today

 

The Mighty Stats

 

FTSE = 10,471.72 (up 1.63%)

S&P 500 = 7,431.46 (up 0.5%)

Nasdaq = 25,888.84 (up 0.31%)

Stoxx 600 = 633.21 (up 1.88%)

 

£1 = $1.34 / €1.16

 

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The Mighty Detail

 

Economics: The US Federal Reserve and Bank of England are expected to hold interest rates this week, given inflation uncertainties from the Iran War. The Fed will announce its decision on Wednesday and is set to keep the current interest rate range of 3.5 per cent to 3.75 per cent. The Bank of England will announce its decision on Thursday and keep the rate at 3.75 per cent.

  • New US Fed Chairman, Kevin Warsh, will give his first press conference on Wednesday.

 

Business and markets: On Friday afternoon, the US Government ordered AI firm Anthropic to stop all foreign access to its Mythos 5 and Fable 5 AI models over national security concerns. There are reports that hackers were capable of “jailbreaking”, which means breaking into the AI models and carrying out restricted activities.

 

Foreign Affairs: The G7 Summit begins in Évian-les-Bains, France today. President Macron will greet President Trump this evening, which will be followed by a working dinner.

  • A meeting of G7 leaders takes place tomorrow, and there will be a session with President Zelensky.

  • On Wednesday, there will be a meeting on AI with the CEOs of OpenAI, Google DeepMind and Anthropic. On Wednesday evening, President Macron will host President Trump for dinner at the Palace of Versailles to mark the 250th anniversary of US independence.

 

Security and intelligence: North Korea’s foreign ministry said yesterday that its position to become a nuclear weapons state was “irreversible” and follows US-South Korean talks on North Korea’s nuclear weapons programme last week.

 

Domestic politics: The UK Government will today announce a ban on social media for children under the age of 16. Older children, up to the age of 18, will also face restrictions on “scrolling” at night after 8.30pm.

 

The Mighty Calendar

 

What’s happening today?

 

  • G7 Summit begins in Évian, France

  • Reform UK Treasury Spokesman, Robert Jenrick, holds press conference at 11.00am

  • Cabinet Secretary, Dame Antonia Romeo, appears before UK House of Commons Public Administration Committee

  • Housing Questions in UK House of Commons

  • China retail sales data (May) – set to fall from 0.2% to -0.2%

  • China industrial production data (May) – set to rise from 4.1% to 4.3%

 

Football World Cup (UK times)

  • Sweden vs Tunisia, 3:00 AM, Estadio BBVA, Mexico

  • Spain vs Cape Verde, 5:00 PM, Mercedes-Benz Stadium, Atlanta, Georgia

  • Belgium vs Egypt, 8:00 PM, Lumen Field, Seattle, Washington

  • Saudi Arabia vs Uruguay, 11:00 PM, Hard Rock Stadium, Miami Gardens, Florida

 

Lookahead to tomorrow

 

  • Former Health Secretary, Wes Streeting, set to give speech

  • UK Chief of the Defence Staff, Sir Richard Knighton, appears before UK House of Lords International Relations and Defence Committee

  • Foreign Office Questions in UK House of Commons

  • Bank of Japan interest rate decision – set to increase from 0.75% to 1%

 

Football World Cup (UK times)

  • Iran vs New Zealand, 2:00 AM, SoFi Stadium, Inglewood, California

  • France vs Senegal, 8:00 PM, MetLife Stadium, East Rutherford, New Jersey

  • Iraq vs Norway, 11:00 PM, Gillette Stadium, Foxborough, Massachusetts

 

The Mighty Finale

 

🌤️Weather today

 

Sunny spells in the southeast of England and light cloud elsewhere. High of 23C and low of 14C in London. A small chance of light rain in Belfast. Light rain in Edinburgh in the evening.

 

✏️Life coaching quote of the day

 

“You will never ‘find’ time for anything. If you want time, you must make it.” – Charles Buxton, Victorian politician

 

Mighty takeaway: What small change can you make today so that you have more time to focus on what matters to you?

 

That’s it for this morning. Thank you for reading and we hope you have a good start to the week.

 

Cheerio!

The Mighty Memo team

 

*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*

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Friday 12 June 2026