FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.

The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial services industry, Deputy Governor Sam Woods said on Monday.

European stocks are expected to open slightly higher Tuesday as traders digested the first executive orders signed by newly inaugurated President Donald Trump.

Despite recent pro-crypto moves by the Trump administration, short-term enthusiasm for the digital asset remains uncertain.

Now that the Liberal Party of Canada leadership race has taken shape, Thunder Bay-Rainy River MP Marcus Powlowski is lending his support to party outsider, Mark Carney, saying his experience

As you will notice scrolling through this newsletter, U.S. tariffs are top of mind for just about every sector in Canada – as well as for our climate goals. But U.S. President Donald Trump has made clear that environmental, social and corporate governance (ESG) is not a priority, and the world has thoughts.

Sterling was down 0.94% to 192.82 versus the yen, after hitting 192.51. It rose 1.03% on Friday. Inflation figures will be released from Japan, Germany and France on Friday, while the Fed's favourite inflation gauge is due in the U.S.

In an interview with Fox News, Trump said that he ‘would rather not’ impose tariffs on China and that he thinks they can agree a trade deal. Meanwhile, the increasingly risk-sensitive Pound (GBP) benefitted from the relief that swept markets.

Liberal leadership hopeful Mark Carney secured three more endorsements from cabinet on Saturday, with Defence Minister Bill Blair and Transport Minister Anita Anand backing Carney in statements on X and Housing Minister Nate Erskine-Smith hosting an event for the candidate in Toronto.

The Guardian, a UK publication with a strong U.S. presence, went hard after President Donald Trump’s cryptocurrency meme coin last week, with a headline that said “Experts alarmed by Trump’s crypto meme coins: ‘America voted for corruption.’”

The point of Donald Trump’s jab at Bank of America CEO Brian Moynihan was not just to dunk on one prominent financier. It was also a warning to every executive at Davos, and everyone watching the livestream around the world,

In other words, Wall Street just might be one of the few institutions in America capable of constraining Trump, who has bent the Republican Party to his will, pushed the Democratic Party aside and exerted influence on the bureaucracy, the judiciary, corporations, the news media and other power bases.